Bengaluru beats Silicon Valley, becomes the most dynamic city in the world

Bengaluru has emerged as the most dynamic city in Jones Lang LaSalle's fourth annual City Momentum Index of cities around the world, followed by Ho Chi Minh City of Vietnam and Silicon Valley in the U.S. 




The Index tracks the speed of change of a city's economy and commercial real estate market. It covers 134 major established and emerging business hubs and identifies cities that have the potential to maintain the greatest dynamism over the short and long term. 
Top 10 cities in the JLL index are Bengaluru, Ho Chi Minh City, Silicon Valley, Shanghai, Hyderabad, London, Austin, Hanoi, Boston and Nairobi. 

"Most dynamic cities share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity. Cities in India, China and Vietnam, along with several in the U.S., head the list of the world's fastest changing cities," said a press release by Jones Lang LaSalle. 

Asia-Pacific cities comprise half of the top 30 fastest-changing cities. India has taken over from China as home to some of the world's most dynamic cities. Six Indian cities feature in the CMI Global Top 30, with the country's primary technology hub, Bengaluru, moving into the top spot for the first time. 

"With more than half the world's population currently living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities takes on great importance," noted Jeremy Kelly, JLL Director of Global Research. "The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly to each n .. 

The report noted that dynamic labour markets help fuel some 'Emerging Megacities' such as Chennai, Manila, Delhi and Mumbai. However, this group faces significant infrastructure and quality of life issues, with high levels of inequality, congestion and pollution hindered by weak city governance. 

In all, 134 cities were assessed by CMI using 42 variables including recent and projected changes in city GDP, population, corporate headquarter presence, commercial real estate construction .. 

In all, 134 cities were assessed by CMI using 42 variables including recent and projected changes in city GDP, population, corporate headquarter presence, commercial real estate construction and rents. 

Other factors included education, innovation and environment. 

Jones Lang LaSalle will publish full research findings on February 1, 2017.