Jones Lang LaSalle (JLL), a leading global provider of real estate and investment management services, recently released its City Momentum Index 2020. This annual Index “identifies the world’s most dynamic cities from a real estate perspective” and “combines socio-economic and commercial property metrics to provide fresh insights into the rapidly evolving geography of business activity.”
The Index named Manila as its 8th most dynamic city amongst a total of 130 major established and emerging business hubs across the globe. Manila joins other Southeast Asian cities Ho Chi Minh and Hanoi on the list. Manila’s inclusion in the list is a testament to its innovative economy and emerging markets.
(Manila ranked 2nd worst traffic in the entire world)
According to the Index, “Manila represents the third South East Asian city in the Global Top 20. Advantageous demographics, a robust domestic economy, and a skilled talent base are supporting a dynamic real estate market. Business Processing Outsourcing (BPO) is driving office net absorption, as the sector moves into higher-value activities such as animation, gaming, and healthcare.”
The full rankings of the globe’s most dynamic cities are below:
- Hyderabad
- Bengaluru
- Ho Chi Minh City
- Nairobi
- Chennai
- Delhi
- Hanoi
- Manila
- Silicon Valley
- Shenzhen
- Chongqing
- Pune
- Wuhan
- Dubai
- Hangzhou
- Kolkata
- Shanghai
- Riyadh
- Austin
- Mumbai
What do you think about this?
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