London tops the ranking as Europe’s most attractive city for businesses and employees for the second year running, according to Colliers International’s latest report reviewing cities based on their occupier attractiveness, availability of talent and quality of life factors. Paris, Madrid, Moscow and Birmingham occupy the other four top places in the ranking.
According to the authors, London’s position demonstrates that the UK remains a highly-desirable destination for capital and occupiers, largely driven by its magnetism as a centre of diverse, high-quality service sector talent, which in turn helps to drive economic output and productivity. Edinburgh and Manchester are the only other UK cities in the top ten in addition to London and Birmingham.
David Hanrahan, co-head, London agency and development at Colliers International, says:
‘London has proved its resilience and magnetism as a global hub in the wake of the EU referendum with a diverse spectrum of investors and occupiers identifying the city as the best place in which to conduct their business. Concerns about a mass post-Brexit exodus from London to the continent have been tapered as the market has rallied, with European businesses close to quadrupling their activity in London last year.’