Austin beats San Francisco and New York as top tech city
Austin is the world’s foremost “tech city,” offering the infrastructure, business environment, talent pool and lifestyle to make it a strong base for tech companies, according to Savills. Austin beats San Francisco to the top of the table because it has lower real estate costs and is so successful in attracting tech talent.
San Francisco and New York City were ranked second and third; London followed in the fourth position.
Although U.S. cities dominate the top of the tech cities rankings, the rest of the top 10 consists largely of such “livable” cities as Amsterdam, Copenhagen and Toronto, which appear above traditional established global tech rivals such as Hong Kong and Singapore. This is due to the strong performance of these cities in terms of “buzz” and “wellness” says Savills, with the firm noting these as factors that are likely to prove increasingly important to the tech industry in attracting future talent.
Savills has quantified 22 c