For the third straight year Boston ranks among the top 10 cities globally in JLL'a ranking of the world's most dynamic cities , as measured by the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity. Boston ranks ninth in the world and third in the United States, behind only Silicon Valley and Austin.
Technology continues to be a major driver of momentum in the world's 30 fastest-changing cities. These cities provide fertile environments for innovation and successfully integrate into global networks, often outperforming their national economies.
"Our unique blend of talent, resources and entrepreneurial spirit continue to put Boston in the top 10 in JLL's City Momentum Index," said JLL Research Director Lisa Strope. "Much like other leading cities on the list, technology continues to help power our economy and, with the second largest tech work force in the U.S., Boston continues to incubate and attract new startups as well as growing global companies," she added.
"General Electric's announcement earlier this year that it is moving its headquarters to Boston's Seaport District is further validation that Boston will continue to be a leader in the tech ecosystem and will grow as one of the world's top innovation hubs," said Strope.
"With more than half the world's population currently living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities takes on great importance," noted Jeremy Kelly, JLL Director in Global Research. "The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly to each new wave of global change."
The 134 cities covered by the CMI were assessed using 42 variables including recent and projected changes in city GDP, population, corporate headquarter presence, commercial real estate construction and rents. Other factors included education, innovation and environment.
Learn more about JLL's cities research