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San Francisco, London, Dubai, Shanghai and Wuhan lead the list of dynamic cities in Jones Lang LaSalle’s City Momentum Index
London , 23 January 2014 — Research released today by Jones Lang LaSalle at the World Economic Forum in Davos examines the impact that urbanization, globalization and technology are having on the economic shape and future potential of cities across the globe. Recognizing that commercial real estate is no longer just a consequence of a city’s success but a driver of it, Jones Lang LaSalle has identified San Francisco, London, Dubai, Shanghai and Wuhan as being at the forefront of cities that demonstrate the combination of strong short term socio-economic, commercial real estate momentum and longer term foundations for success. The index, that covers 111 of the globes cities, found that only four successfully combined strong short-term socio economic momentum with a deeper innovation economy: San Francisco, Austin, New York and London. The UK capital has the highest amount of foreign real estate investment than any other city, standing at over $65 billion dollars over the past three years. The index concludes that the city is riding a ‘wave of optimism’ following the 2012 Olympics and has growing status as a centre for technology and innovation.
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