Savills Names Austin the World’s Top Tech City For the Second Consecutive Year

Share Article

Annual Tech Cities Research Program Ranks the Top 22 Global Destinations for Tech Companies.

Austin

Austin’s success is the result of a business community that works in collaboration to approach our biggest challenges head on and rise tides for all ships

Savills Studley, the leading commercial real estate firm specializing in tenant representation, is pleased to announce the results of Savills’s annual Tech Cities 2017 research program. Based on a strong talent pool, favorable real estate costs and the city’s overall business and tech environment, Austin has topped the global rankings for the second consecutive year.

“It’s great to see continued recognition for the ongoing efforts private and public stakeholders have made to elevate our city’s status as a hub for innovation and entrepreneurship,” said Alan Peters, Senior Managing Director at Savills Studley’s Austin Office.

“Austin’s success is the result of a business community that works in collaboration to approach our biggest challenges head on and rise tides for all ships,” added Corporate Managing Director John Scoblick.

Savills Studley is a subsidiary of Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world.

Over 100 metrics were analyzed by Savills for each city in the global study. Austin ranks ahead of the Tech Cities Average for City GDP Per Capita, Broadband Download Speed, Start Ups Per 1000 People, Population Growth, Millennial To Boomer Ratio and several other factors. Two other U.S. cities – San Francisco and New York – were ranked 2nd and 3rd respectively, followed by London in the 4th position.

“With one of the strongest economies, Austin has become known around the world as a center of boom for innovation, technology and startups,” said Jonathan Packer, Austin Chamber of Commerce Director of Global Technology and Innovation. “That’s due to a combination of factors. We have an ecosystem that supports a progressive entrepreneurial spirit, a business environment favorable from a tax perspective, a comparatively lower cost of living, and an attractive quality of life, all in addition to a deep reservoir of talent companies look for when hiring."

To see the complete rankings and analysis of all 22 Tech Cities, visit: http://www.savills.co.uk/tech-cities.

About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

For more information, please visit http://www.savills-studley.com and follow us on LinkedIn and Twitter @SavillsStudley.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Greg McGunagle
Savills Studley
+1 (212) 326-1078
Email >

Christopher Santarelli
Savills Studley
(212) 588-3422
Email >
Visit website