NEW YORK (1010 WINS) – Move over, San Francisco! New York is now top of the heap among tech cities on the planet, according to a new study.
New York beat out 29 other global tech cities in a study by real estate brokerage firm Savills Plc.
Among New York's best tech qualities: a large pool of talent and sizable volume of venture capital, the study says.
"So much of it is talent," Paul Tostevin, author of the report, told Bloomberg. "New York can keep generating its own talent and, I think more importantly, recruiting it from around the world."
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Savills looked at a number of factors to come up with its ranking, including: business environment; tech environment; city buzz/wellness; talent pool; real estate costs; and mobility.
Bloomberg reports that this is the first time New York has ranked #1 on Savills' list. Austin and San Francisco were first and second, respectively, in both 2015 and 2017.
In November, Amazon announced it plans to build its new headquarters in Queens. Weeks later. Google announced an expansion a few weeks later, saying it would build a $1 billion campus in Manhattan.
Top tech cities:
1. New York
2. San Francisco
3. London
4. Amsterdam
5. Boston
6. Singapore
7. Los Angeles
8. Austin
9. Stockholm
10. Copenhagen
