Edinburgh, the birthplace of tech unicorn Skyscanner, has been placed ahead of other major cities such as New York and Tokyo as having the strongest concentration of talent globally.
Research by property company JLL analysed more than 100 cities to measure their innovation and talent, and to examine this in relation to property investment and performance.
According to JLL’s findings, cities with the best innovation and talent were outperforming other locations in terms of economic activity. It also linked innovation and talent concentration to the fastest, most vigorous office rental growth over the past decade and are attracting a higher proportion of property capital.
The research found that more than 50% of Edinburgh’s workforce has tertiary education, much than the global average of 34%, and that 35% of Edinburgh’s population is between 20-40 years old – the highest in Europe.
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In addition, the results showed that Edinburgh’s research and development spend is more than double that of Glasgow, Manchester or London at 2.2% of GDP.
Edinburgh was also found to have received more hi-tech foreign direct investment than any other UK city between 2015 and 2018.
The city is home to the largest tech accelerator in the UK with the University of Edinburgh recognised as a world leader in informatics and computer science, which means Edinburgh provides strong support to startups and a steady supply of tech talent.
Cameron Stott, head of office agency Edinburgh JLL UK, said: “Edinburgh’s burgeoning tech sector and resilient financial sector means it remains a firm favourite with investors. The city ranked 2nd globally for investment volumes relative to economic size.
“The combination of quality of life and rich seam of talent coming from Edinburgh’s universities has helped the city prosper, however to ensure continued investment, identifying new submarkets will be a key priority.”