Economy | News | Real Estate

Austin Named No. 1 on Savills Top Tech Cities in the World 2017


Read time: 2 minutes

Austin Ranked #1 Best City in the World for Tech

Savills recently released their list of the top 22 cities in the world “at the forefront of the global tech industry,” with Austin taking the #1 spot. The research program’s goal is to understand the many diverse drivers that make up good cities for the tech industry.

According to the report, there are five main things that define the top tech cities:

  • Tech environment – How big of a tech hub is it in its global region?
  • Business environment – Presence of home grown start-ups and incubators
  • City buzz and wellness – Is it a top choice for expanding global tech companies?
  • Talent pool – Does it have a vibrant urban environment that attracts talent?
  • Housing affordability – Cost of real estate

The index used to rank these 22 cities measures what makes a successful tech city and is comprised of 100 individual metrics grouped into 5 categories: business environment, tech environment, city buzz & wellness, talent pool and real estate costs.

Below is a breakdown of the top 22 cities and how they ranked across these categories.

Image of Savills Tech Cities Rankings Chart

What puts Austin a step above San Francisco?

Although San Francisco still beats Austin for creating the most tech jobs, the report states that “Austin ranks first as a more affordable, talent-rich alternative to San Francisco” which came in at the number two spot. It also notes that Austin’s high quality of life is a key factor for the city making it successful at attracting human capital.

On top of being successful at attracting the human capital, Austin’s demand for Tech talent remains high according to the latest Austin Chamber Job Report. For the first time, Software Developers-Applications replaced Registered Nurses as the top posted occupation in March 2017.

For more statistics on the top tech cities in the world and what puts Austin above the rest, check out the Savills Tech Cities Interactive Map.

Want to Live in the #1 Tech City in the World?

Whether you work in the tech sector or are just attracted to Austin’s high quality of life, we would love to help you make Austin home. Please explore how we can help you with your real estate needs and don’t hesitate to reach out!

Related links

INSTAGRAM

In honor of National Philanthropy Day, we proudly launch our We're for Here campaign! A call for community building, neighborliness & love, in support of finding affordable housing solutions for our Austin neighbors in need! Learn more & get involved at OurAustinPledge.com. Link in bio.
.
.
.
.
.
#RealtyAustin #KeepAustinAffordable #WorkHardPlayHardGiveBack #RealtyAwesome #OurAustinPledge #AustinLocal
...

29 0

‘A Night in Bloom’ was a night to remember! On Friday, September 27th, Realty Austin celebrated their local, homegrown agents at the Four Seasons Hotel. We look forward to watching our agents continue to bloom in 2020! 🌸💐💫🥂🌹🌟🌺🌷
.
.
.
.
.
.

#HereYouGrow #BloomWhereYouArePlanted #NightinBloom #RealtyAustin #RealtyAwesome
...

44 0

All three of our brand new offices in North, Central and Southwest Austin are now open for business! Take a virtual tour of the Central office, #CribsStyle, with our very own Co-Founder and Culture Queen, Yvette Boatwright! Our offices are an expression of our culture - warm, open and built for productivity. We didn't just build a company. We created a place for people to work together, inspire others, find support and realize their dreams. .
.
.
.
.
#RealtyAustin #RealtyAwesome #homegrown #local #austinlocal #austin #atx #topworkplace #austinrealestate #brokerage #atxbroker #realtors #realestateagents #toprealtors #makethemove
...

61 0

Sneak peek 👀 Realty Austin's new Southwest office now open for business! Located at 7415 Southwest Parkway, Suite 2-200 on the corner of Southwest Parkway and William Cannon Drive, the mixed-use development is the first large retail center of its kind on Southwest Parkway! 🎉🎨
.
.
.
.
.
.
.
#realtyaustin #realtyawesome #homegrown #local #austinrealestate #austinlocal #atxbroker #austin #austinatx #topworkplace #brokerage #makethemove #realtors #realestateagents #toprealtors
...

172 6

Pin It on Pinterest