JLL’s Cities Research Centre just launched a new index to provide new insights to clients interested in evaluating city competitiveness and the role of real estate in those cities. The City Momentum Index tracks the speed of change of a city’s economic base and its commercial real estate market, combining measures of short-term economic and real estate momentum with longer term success factors. Designed to capture a broad range of factors – not only raw GDP growth – but also speed of innovation and creation of new businesses along with new building construction, property price movement and investment in real estate from cross-border investors and corporations. The Index will track 111 major cities worldwide, including San Diego, and will be updated annually.
Meant to offer a fresh approach to analyzing future opportunities, the CMI is intended to open debate and point to “signals of change.” Cities at the top of the CMI are currently cities across the word that are changing the fastest. Those cities with strong momentum can pose both opportunity and risk.
In this first annual City Momentum Index , JLL focuses on 20 dynamic cities that it considers “cities in ascendancy.” You can read more about the Index here.
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