Edinburgh ranks among EMEA tech hotspots

Published: 18 September 2018

Research from leading property consultancy CBRE has placed Edinburgh fourth in a ranking of Europe, Middle East and Africa’s (EMEA) normal technology clusters.

The report, EMEA Tech Cities: Opportunities in Technology Hotspots, provides a framework for occupiers and investors to assess the characteristics of technology clusters in economic, leasing and employment terms at regional and city level. The analysis identifies four separate categories of technology cluster – scale, super, normal and growth - based on a city’s level, concentration and growth of tech sector employment.

With its financial services sector, reputable universities, and Scotland’s devolved government, Edinburgh ranks highly in this category...

Angela Lowe, Senior Director, CBRE

 

This approach reflects the fact that technology clusters are very diverse in their structure, cost base and attraction to specialist technology sub-sectors. Edinburgh's fourth place ranking in the normal cluster category reinforces its status as an important location in the technology sector for EMEA.

Normal cluster cities are categorised on the basis of having between 20,000 and 50,000 people in high-tech employment, and a higher percentage of employment in the sector than the EU average.

Cities in the normal cluster also tend to be those where costs are lower than cities in the same or neighbouring countries, and where companies often chose to locate a second tech centre, or centre of excellence. In doing so, they can make themselves an employer of choice, rather than competing with others for the same talent.

Richard Holberton, Head of EMEA occupier research, CBRE concludes: “Labour is not only fundamental to the success of the technology sector, it also has distinctive characteristics including a high incidence of contract employment, greater transparency of rewards and use of online channels both for job-checking and brand development."

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