future-proofing-prev

30 Cities Best Positioned for Long-Term Success

The 30 Cities Best Positioned for Long-Term Success

The 30 Cities Best Positioned for Long-Term Success

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Combine the rapid rate of technological change with a globalized economy, and it’s evident that our cities are transforming at an unprecedented pace.

But while these fast-moving currents are found in pretty much every urbanized setting, not every city is doing well to navigate them. In an increasingly digital and global economy, cities must be able to attract high-end talent, foster innovation, and maintain competitiveness – and failing to do so can have dire consequences.

Which cities are prepared to adapt, and which will get left behind in the dust?

The City Momentum Index

Today’s chart uses data from the City Momentum Index 2018 in a report produced by JLL.

The index tries to identify the cities that are at the forefront of the innovation economy, by looking at key factors such as the number of tech firms, education, environment, transparency, infrastructure, and international patents.

By investing in and leveraging their strengths in technology, physical and digital connectivity, quality of life and sustainability, [these cities] are positioned to maintain their performance into the future in this new competitive landscape.

The report identified the top 30 cities according to this criteria for long-term success – as well as 30 other cities that are destined to hold their momentum in the short term.

30 Cities Positioned for Success

Here are the cities that top the list in the 2018 edition of the report:

RankCityCountry
#1San FranciscoUnited States
#2Silicon ValleyUnited States
#3New YorkUnited States
#4LondonUnited Kingdom
#5BostonUnited States
#6Los AngelesUnited States
#7ParisFrance
#8AmsterdamNetherlands
#9TorontoCanada
#10San DiegoUnited States
#11ChicagoUnited States
#12SeattleUnited States
#13TokyoJapan
#14SydneyAustralia
#15MunichGermany
#16BerlinGermany
#17MelbourneAustralia
#18AustinUnited States
#19VancouverCanada
#20DenverUnited States
#21Washington D.C.United States
#22CopenhagenDenmark
#23StockholmSweden
#24EdinburghUnited Kingdom
#25PhiladelphiaUnited States
#26MontrealCanada
#27HelsinkiFinland
#28SeoulSouth Korea
#29SingaporeSingapore
#30ZurichSwitzerland

The United States is represented by 12 cities, while the European continent holds 10. Meanwhile, Canada and Australia are home to five cities between them.

Interestingly, no cities from China, Latin America, Africa, or the Middle East make this first list.

30 Cities With Short-Term Momentum

The report also touches on short-term momentum, which JLL defines as the cities with urban economies and real estate markets currently undergoing the most rapid growth.

This resulting list is almost mutually exclusive with the one above, mainly because of the explosive growth happening right now in Chinese cities as well as in India and the Asia-Pacific.

RankCityCountry
#1HyderabadIndia
#2BangaloreIndia
#3Ho Chi Minh CityVietnam
#4PuneIndia
#5KolkataIndia
#6HanoiVietnam
#7NanjingChina
#8DelhiIndia
#9HangzhouChina
#10XianChina
#11NairobiKenya
#12ChongqingChina
#13WuhanChina
#14ChennaiIndia
#15ShanghaiChina
#16GuangzhouChina
#17TianjinChina
#18ManilaPhilippines
#19ShenzhenChina
#20MumbaiIndia
#21ChengduChina
#22BeijingChina
#23JakartaIndonesia
#24Kuala LumpurMalaysia
#25LagosNigeria
#26SingaporeSingapore
#27DubaiU.A.E.
#28BangkokThailand
#29SeattleUnited States
#30BucharestRomania

On the short-term momentum side of the equation, we have 11 Chinese cities, seven from India, and only one located in the Western hemisphere (Seattle).

It’s worth noting that only two cities made both lists for short-term and long-term momentum: Seattle and Singapore.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Follow Visual Capitalist on Twitter
Like Visual Capitalist on Facebook
Follow Visual Capitalist on LinkedIn

Pre-order our brand new book!

The Money Project

All the World's Money and Markets in One Visualization
The War on Cash
Trump's Entire Financial History Video
Currency and the Collapse of the Roman Empire
Buying Power of the U.S. Dollar Over the Last Century

Embed This Image On Your Site (copy code below):



Mornings are better with Visual Capitalist.coffee_email1

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.