Edinburgh is most influential small city in Europe

Published: 19 March 2018

Edinburgh has been ranked first among its peers in a new report on Europe's "cities of influence", with strong marks for its economic output and the availability of skilled staff.

The Scottish capital was the highest placed city of those with a catchment of less than two million people, and ranked 7th overall. 

The Cities of Influence report by Colliers International is based on a variety of factors such as occupier attractiveness, availability of talent, quality of life, economic output and productivity. Edinburgh was the highest-ranking UK city in terms of "employee aspirational" factors.

Scoring highly for its economic output and the availability, talent and aspirations of its workforce, it's not surprising that Edinburgh has outperformed most commercial property markets in recent years.

Douglas McPhail, Head, Colliers in Scotland

 

"It is significant that the positions in our Cities of Influence index this year mirror investment volumes over the course of 2017, suggesting that investor activity is becoming closer aligned to broader, long-term drivers of occupational growth."

The Cities of Influence index follows last week's hotels market report, also from Colliers, which ranked Edinburgh top of the UK hot spots for hotel development and acquisition.

"In Edinburgh in particular, with its exceptionally strong fundamentals, investment activity is expected to increase further going forward," McPhail said.

"However, when compared to the German Big 7, and the major Nordic capitals, most UK cities look significantly under-invested. Given its occupier strength and growth potential, Glasgow should see investment growth too, although it struggles to compete with Edinburgh on aspirational factors."

The 2018 index ranked London as the most attractive city in Europe for the second year running, with Paris, Madrid, Moscow and Birmingham making up the rest of the top five...

Full story via Insider.co.uk

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