Raleigh-Durham Surprises as City to Watch
RALEIGH, N.C., March 30, 2017 – (RealEstateRama) — London and Silicon Valley heading up the Global Top 30 on JLL’s 2017 Investment Intensity Index? Not surprising. But Raleigh-Durham, Austin and Denver also making the list? Now that’s interesting. It’s because these smaller powerhouses are punching above their weight in proportion to their local GDP and going head-to-head with highly globalized markets that are traditionally more attractive to investors.
New world cities typically excel in technology innovation, have a robust infrastructure, high quality of life and transparent business practices. Since 2006, their contribution to global investment volumes has virtually doubled to 23 percent and the group currently accounts for 70 percent of the Global Top 30 cities (complete list at left).
JLL’s Investment Intensity Index compares the volume of direct commercial real estate investment in a city over a three-year period relative to its current economic size. It builds on proprietary research from 2015 and analyzes investment trends in three categories: New World Cities , Established World Cities and Emerging World Cities .