New York & Tri-State | February 7, 2019

NYC is Now the World’s Top Tech City

It’s no coincidence that Amazon selected Long Island City as one of two locations for its second headquarters, says Savills in this year’s Tech Cities report. New York City has now emerged as the top global center for the tech sector, elbowing San Francisco out of the top spot on account of the latter’s higher co-working costs.

What positions New York at the top, Savills says, is its combination of “business environment, talent pool, lifestyle and transport links to make it the premier base for companies.” Following New York… San Francisco, London, Amsterdam and Boston round out the global top five.

“Savills’ 30 Tech Cities are among the fastest-growing in the world; measured by metro area, together they’re forecast to add another 18 million inhabitants in the next decade,” says Nicky Wightman at Savills. “This will put ever greater pressure on existing infrastructure, posing a risk to city competitiveness.”

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).