Sydney Ranked 7th In The Global Cities Skyscraper Index


The recently released Global Cities Skyscraper Index ranks Sydney seventh among the World’s leading cities for skyscrapers, says the Urban Taskforce.

Urban Taskforce CEO Chris Johnson said, "The Skyscraper Index released by global property group Knight Frank lists the ranking of the world’s leading cities for skyscrapers with Sydney coming in at seventh ahead of cities like Shanghai, Chicago and Kuala Lumpur.

"The index measures rents, yields, the number of skyscrapers and growth prospects for high rise towers. The number one city for skyscrapers is Hong Kong followed closely by New York then Tokyo, London, San Francisco, Singapore and Sydney.

"The index clearly puts Sydney in the top league of global cities but to remain at this level will require strong government support for Sydney as a skyscraper city.

"The Knight Frank report identifies two trends that are driving the skyscraper building boom in the world’s major cities. The first trend is a shift in the global economy towards city centres for knowledge jobs and the second is a strong trend towards people wanting to live close to their work in urban apartment towers.

"The report points out that the top two cities in the Skyscraper Index, Hong Kong and New York, are on islands where land is constrained. Sydney is Australia’s most constrained CBD with the harbour and parklands limiting the area for high rise development. It is the cities with limited options to spread their CBDs that are driving the trend towards more skyscrapers and Sydney is certainly one of these cities."The Urban Taskforce has demonstrated that the evolution of the Sydney Skyscraper has stopped at 235 metres over the last 30 years:

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