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Tech Cities

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Select a city from below to explore

Images courtesy of NASA

Austin

  • 1
  • 1
  • 890k

Introduction

The capital of Texas offers a young and readily-available talent pool, with double the forecasted population growth of rival Tech Cities over the next decade (20.7% vs. a 10.3% average). Quick commutes, low transport prices, high broadband speeds and below average scale-up office rent costs ($26 per sq ft vs. $38) help make this our number one Tech City.

How Austin compares to our other tech cities

Categories are weighted

  • Austin
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Austin 15.6 17.8 11.1 19.5 4.6
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 55420
  • 50566

Annual passengers across city airports

  • 10m Austin
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 74.4
  • 53.95

Internet users per 1000 people

  • 858 Austin
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 10
  • 31

Transport Cost (one way ticket on local transport)

  • 1 Austin
  • 2.22 Tech cities average

Cost of a flat white

  • 4.30 Austin
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.7
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 450
  • 415

Prime weekly residential rent (for tech employees + household)

  • 850 Austin
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 50 Austin
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 26 Austin
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

San Francisco

  • 2
  • 2
  • 840k

Introduction

Boasting a better business and tech environment than the average Tech City, as well as a higher quality of life and more readily-available talent pool, it is no surprise that San Francisco is second place overall. The cultural capital of the US west coast also offers the highest GDP per capita of our 12 Tech Cities - $72,390 (vs. an average of $50,566).

How San Francisco compares to our other tech cities

Categories are weighted

  • San Francisco
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
San Francisco 16.5 19.7 10.8 15.5 2.8
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 72390
  • 50566

Annual passengers across city airports

  • 40.1m San Francisco
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 38.7
  • 53.95

Internet users per 1000 people

  • 858 San Francisco
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 27
  • 31

Transport Cost (one way ticket on local transport)

  • 2.25 San Francisco
  • 2.22 Tech cities average

Cost of a flat white

  • 3.75 San Francisco
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.1
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 670
  • 415

Prime weekly residential rent (for tech employees + household)

  • 1320 San Francisco
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 63 San Francisco
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 43 San Francisco
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

New York

  • 4
  • 6
  • 8.4m

Introduction

While its reputation as one of the world's most important centres of business puts New York firmly in the sights of any organisation looking to expand and grow, its high real estate costs, average quality of life and low millennial-to-boomer ratio may be of concern to some. Nonetheless, New York's tech literacy and keen business environment overcome these issues to put the Big Apple at number four.

How New York compares to our other tech cities

Categories are weighted

  • New York
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
New York 17.7 19 9 16 2
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 69915
  • 50566

Annual passengers across city airports

  • 112.2m New York
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 53.1
  • 53.95

Internet users per 1000 people

  • 858 New York
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 30
  • 31

Transport Cost (one way ticket on local transport)

  • 2.50 New York
  • 2.22 Tech cities average

Cost of a flat white

  • 4.00 New York
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.2
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 680
  • 415

Prime weekly residential rent (for tech employees + household)

  • 1350 New York
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 79 New York
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 59 New York
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Dublin

  • 8
  • 4
  • 530k

Introduction

A high quality of life, lower-than-average real estate costs and an impressive talent pool all contribute to Dublin's well-storied success as a Tech City. Ireland's corporate tax rate of just 12.5% made it attractive to large US tech firms, which set up their European headquarters in Dublin. A business-friendly, low-tax environment may have drawn big players like Apple and LinkedIn to the city, but it is the city's legendary social scene that cemented its position as a major global tech player.

How Dublin compares to our other tech cities

Categories are weighted

  • Dublin
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Dublin 15.5 14.6 10.2 15.6 5.7
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 51319
  • 50566

Annual passengers across city airports

  • 20.2m Dublin
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 40.5
  • 53.95

Internet users per 1000 people

  • 761 Dublin
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 18
  • 31

Transport Cost (one way ticket on local transport)

  • 3.10 Dublin
  • 2.22 Tech cities average

Cost of a flat white

  • 3.47 Dublin
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.3
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 440
  • 415

Prime weekly residential rent (for tech employees + household)

  • 880 Dublin
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 59 Dublin
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 17 Dublin
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

London

  • 6
  • 7
  • 8.3m

Introduction

Offering a better-than-average business and tech environment, and with an impressive talent pool and future growth at its disposal, London will surprise few at sixth place in our Tech Cities list. Although its broadband speeds are half the average and real estate costs make the British capital quite exclusive, it remains a great place to do business thanks to the availability of both financial and human capital.

How London compares to our other tech cities

Categories are weighted

  • London
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
London 17.1 18.3 8.9 16.9 0.8
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 57157
  • 50566

Annual passengers across city airports

  • 139.7m London
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 26.9
  • 53.95

Internet users per 1000 people

  • 838 London
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 20
  • 31

Transport Cost (one way ticket on local transport)

  • 4.40 London
  • 2.22 Tech cities average

Cost of a flat white

  • 4.04 London
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.3
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 540
  • 415

Prime weekly residential rent (for tech employees + household)

  • 2300 London
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 107 London
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 78 London
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Berlin

  • 9
  • 3
  • 3.5m

Introduction

Balancing a low population growth forecast and a below-average city GDP ($36,259 per capita) with a high quality of life (third-best of our Tech Cities) and nearly half the average scale-up tech firm office rent per sq ft ($20 vs. $38), the upstart German capital is one of the most important centres for tech in Europe. Kreuzberg, Berlin’s epicentre of ‘kaffeekultur’, fashion and subculture, is also one of its centres of tech.

How Berlin compares to our other tech cities

Categories are weighted

  • Berlin
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Berlin 14.4 15.8 10.4 12 6.5
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 36259
  • 50566

Annual passengers across city airports

  • 26.7m Berlin
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 27.1
  • 53.95

Internet users per 1000 people

  • 832 Berlin
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 23
  • 31

Transport Cost (one way ticket on local transport)

  • 3.22 Berlin
  • 2.22 Tech cities average

Cost of a flat white

  • 3.36 Berlin
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.0
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 190
  • 415

Prime weekly residential rent (for tech employees + household)

  • 540 Berlin
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 26 Berlin
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 20 Berlin
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Stockholm

  • 5
  • 10
  • 790k

Introduction

The Swedish capital's reasonable real estate prices manage to offset its widely-reported high cost of living, though its tech infrastructure puts it ahead of all other European rivals in our Tech Cities list, despite being one-tenth the size of London.

How Stockholm compares to our other tech cities

Categories are weighted

  • Stockholm
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Stockholm 15.7 20.2 8 13.3 6.2
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 56250
  • 50566

Annual passengers across city airports

  • 23.4m Stockholm
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 59.5
  • 53.95

Internet users per 1000 people

  • 873 Stockholm
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 31
  • 31

Transport Cost (one way ticket on local transport)

  • 4.77 Stockholm
  • 2.22 Tech cities average

Cost of a flat white

  • 4.45 Stockholm
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.2
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 270
  • 415

Prime weekly residential rent (for tech employees + household)

  • 860 Stockholm
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 32 Stockholm
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 34 Stockholm
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Tel Aviv

  • 3
  • 8
  • 400k

Introduction

Good things are said to come in small packages, and Tel Aviv is true to the saying; despite a Tech City-low of just 400,000 inhabitants, Israel's second city is set to boom in the next decade, with an estimated population growth of 17.2%. Lower wages, cheap office rent, a youthful population and strong links with the tech scene in the US make the Israeli city an exciting opportunity.

How Tel Aviv compares to our other tech cities

Categories are weighted

  • Tel Aviv
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Tel Aviv 16.8 19.3 8.4 16.7 4.1
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 42614
  • 50566

Annual passengers across city airports

  • 14.9m Tel Aviv
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 26.9
  • 53.95

Internet users per 1000 people

  • 817 Tel Aviv
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 30
  • 31

Transport Cost (one way ticket on local transport)

  • 1.76 Tel Aviv
  • 2.22 Tech cities average

Cost of a flat white

  • 3.00 Tel Aviv
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.6
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 400
  • 415

Prime weekly residential rent (for tech employees + household)

  • 1780 Tel Aviv
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 22 Tel Aviv
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 22 Tel Aviv
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Mumbai

  • 12
  • 11
  • 12m

Introduction

India's Tech City offers incredibly low costs for real estate and wages, as well as the largest millennial-to-boomer ratio of all – 2.6, nearly double the average (1.4). Poorer-quality tech infrastructure is a limiting factor for Mumbai, but talent is cheap and plentiful.

How Mumbai compares to our other tech cities

Categories are weighted

  • Mumbai
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Mumbai 13.9 7 7.2 14.5 7.5
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 7005
  • 50566

Annual passengers across city airports

  • 32.2m Mumbai
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 6.6
  • 53.95

Internet users per 1000 people

  • 156 Mumbai
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 52
  • 31

Transport Cost (one way ticket on local transport)

  • 0.24 Mumbai
  • 2.22 Tech cities average

Cost of a flat white

  • 1.63 Mumbai
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 2.6
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 140
  • 415

Prime weekly residential rent (for tech employees + household)

  • 730 Mumbai
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 19 Mumbai
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 19 Mumbai
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Singapore

  • 7
  • 5
  • 5.4m

Introduction

Singapore's extraordinary tech literacy and infrastructure puts it head and shoulders above the competition, and while its high cost of real estate and a low millennial-to-boomer ratio may dissuade many businesses, its prospective ten-year population growth of 13.7%, high quality of life and English-speaking population make it a major prospect for start-ups and established firms.

How Singapore compares to our other tech cities

Categories are weighted

  • Singapore
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Singapore 17.1 19.7 9.2 13.8 1.7
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 66864
  • 50566

Annual passengers across city airports

  • 53.7m Singapore
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 111
  • 53.95

Internet users per 1000 people

  • 865 Singapore
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 34
  • 31

Transport Cost (one way ticket on local transport)

  • 1.37 Singapore
  • 2.22 Tech cities average

Cost of a flat white

  • 3.72 Singapore
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.2
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 530
  • 415

Prime weekly residential rent (for tech employees + household)

  • 1630 Singapore
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 146 Singapore
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 90 Singapore
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Hong Kong

  • 7
  • 9
  • 7.2m

Introduction

The self-governed Chinese city state remains an expensive proposition for many businesses, with high real estate costs. Hong Kong's strengths lie in its tech environment; broadband is high-speed and cheap and technical IT skills are plentiful. It also offers low corporate tax rates and new businesses can be set up in just three days.

How Hong Kong compares to our other tech cities

Categories are weighted

  • Hong Kong
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Hong Kong 16 20.4 8.1 13.8 0.5
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 57244
  • 50566

Annual passengers across city airports

  • 60m Hong Kong
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 101.4
  • 53.95

Internet users per 1000 people

  • 857 Hong Kong
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 41
  • 31

Transport Cost (one way ticket on local transport)

  • 1.03 Hong Kong
  • 2.22 Tech cities average

Cost of a flat white

  • 4.39 Hong Kong
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.0
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 510
  • 415

Prime weekly residential rent (for tech employees + household)

  • 2330 Hong Kong
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 85 Hong Kong
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 31 Hong Kong
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities

Seoul

  • 11
  • 12
  • 8.3m

Introduction

While it may not have the best talent pool of our Tech Cities list, Seoul's well-known tech literacy and low real estate costs make up for many of its shortcomings. Despite this, its quality of life is below any other in our index, due to a high cost of living and long commutes.

How Seoul compares to our other tech cities

Categories are weighted

  • Seoul
  • Tech city average
City Business Environment Tech Environment Quality of Life Talent Pool Real Estate Costs
Seoul 15.3 16.9 6.3 9.7 6.4
Tech City Average 16 17.4 9 14.8 4.1
  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Business environment

This metric comprises investment environment, business costs and regulations, start-up culture, R&D and innovation, and linkages with other cities.

City GDP per Capita

  • 34355
  • 50566

Annual passengers across city airports

  • 60.9m Seoul
  • 49.5m Tech cities average

Tech environment

Tech environment assesses digital infrastructure, broadband networks and consumer engagement.

Broadband download speed (MBPS)

  • 81.3
  • 53.95

Internet users per 1000 people

  • 844 Seoul
  • 785 Tech cities average

Quality of Life

The cost and quality of living combine with a city's "buzz" to produce the quality of life score.

Tech commute (average commute in minutes by employees working in key tech districts)

  • 61
  • 31

Transport Cost (one way ticket on local transport)

  • 1.04 Seoul
  • 2.22 Tech cities average

Cost of a flat white

  • 5.54 Seoul
  • 3.80 Tech cities average

Talent Pool

A city's youthfulness, tech education credentials and ability to attract talent all contribute to its talent pool.

Millenial to boomer ratio (Millennials: 15 to 34 year olds, boomers: 50 to 69 year olds)

  • 1.2
  • 1.4

Real Estate Costs

Office and residential prices are combined for the overall real estate costs bracket.

Mainstream weekly residential rent (for tech employees and household)

  • 160
  • 415

Prime weekly residential rent (for tech employees + household)

  • 640 Seoul
  • 1268 Tech cities average

Established tech firm office rent (per square foot)

  • 38 Seoul
  • 60 Tech cities average

Scale up tech firm office rent (per square foot)

  • 18 Seoul
  • 38 Tech cities average

All city metric comparison

We have looked at five strands which help to explain the success of our Tech Cities, ranging from business conditions and tech environment through to the quality of life and cost of accommodation. All of the metrics identified have been rated and weighted to give our overall tech city ranking.

Overall Rankings

  • Business environment
  • Tech environment
  • Quality of life
  • Talent pool
  • Real estate costs

Find out more at http://www.savills.com/techcities