This chart shows City Momentum Index - 2016.
City Momentum Index (CMI) tracks the speed of change of a city’s economy and commercial real estate market, identifying those cities which have the most dynamic urban economies and are adapting most rapidly to the imperatives of technological and infrastructural transformation.
The Index measures a city’s short-term socio-economic and commercial real estate momentum in combination with measures of ‘future-proofing’ – whether a city has the essential ingredients to ensure longer-term sustainable momentum in terms of education, innovation and environment.
The CMI is unique in that it captures the dynamics of a city’s real estate market – its rates of construction and absorption, price movement and the attraction of a city’s built environment for cross-border capital and corporations.
The role of real estate is shifting from one of housing business to being an attractor of corporations and talent, and cities need to ensure that their built environment is attractive by delivering the kind of smart and productive commercial buildings that businesses, capital and workers are now demanding.
And in order to build momentum and maintain competitive edge, cities will need to commit to bold urban transformations to meet the demands of rising populations and increasing strains on resources, and to support the shift to new modes of economic activity.
8 years ago
