London tops the list of seven most competitive cities in the world, according to a report by real estate consultant JLL and The Business of Cities.
Filling out the list are New York, Paris, Singapore, Tokyo, Hong Kong and Seoul. The South Korean capital is a new addition to the list in 2017, while the other Asian cities have been included since 2013.
“Seoul has stepped up to join the top six ‘Established World Cities’ due to increasing openness, exceptional digital connectivity, the presence of innovative global firms and robust infrastructure,” says Jeremy Kelly, director in global research, JLL. “Once a traditionally closed market, Seoul is widening its international talent base with the presence of many multinationals, making the city highly competitive on a global level.”
As more cities are becoming competitive, a second tier group of 10 “Contenders” has emerged.
Los Angeles is ranked as number one, followed by Shanghai, Beijing, Amsterdam, Chicago, San Francisco, Toronto, Madrid, Sydney and Washington, D.C.
To read the full report, click here.
