The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 15 DAYS UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 15 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
InfrastructureStaff WriterWed 27 Sep 17

Sydney a Challenger to the Big Seven Established World Cities

Sydney-1

Sydney is hot on the heels of the "Big Seven" established world cities, according to a new report by JLL and The Business of Cities.

The report, The Universe of City Indices 2017: Decoding City Performance includes analysis of 44 of the most robust city indices. These indices have a bearing on how we understand city dynamics -- guiding investors, businesses and workers as they make location choices.

And a "second tier" of cities has emerged just behind the Big Seven ( London, New York, Paris, Singapore, Tokyo, Hong Kong, Seoul -- are the archetypal established world cities).

Most of these cities have graduated from their previous status as "new world" or "emerging world cities", having started to acquire more of the assets and characteristics of the seven leading cities.

Sydney has graduated from the group of new world cities to enter the "contenders" category. Sydney is amongst 10 contenders, including Beijing, Shanghai, Amsterdam, San Francisco, Toronto, Madrid, Los Angeles, Chicago and Washington DC.

JLL and The Business of Cities have reviewed over 300 city indices to reveal 10 imperatives for a successful city, from fostering innovation and investing in infrastructure, through to ensuring transparency and building brand.

Some of the key strengths of Sydney include quality of life, transparency, high levels of direct real estate investment (Sydney ranks 17th globally) and the city’s global reputation. Sydney is ranked second in the world for Brand, with Melbourne topping the list. New York is ranked third, Toronto fourth and Amsterdam at number 5.


CEO of JLL Australia, Stephen Conry said, “Two clear messages to emerge from this analysis by JLL and The Business of Cities is that more cities are becoming competitive with the biggest and best cities; and that the leading cities have to future proof in terms of their infrastructure and economic base.

“The fact that Greater Sydney is in the middle of a huge transformation on the infrastructure front is great news in this regard.

“The CBD light rail, the first stage of the Sydney Metro and the WestConnex road system – all will begin to come online over the next five years, and all will have significant impacts on the movement of people across the metropolis.

“This imperative to future proof outlined in the report states that Sydney is midway through major reform processes and has the challenge to ensure these arrangements are fit for purpose.

“Resilience and affordability present additional challenges that cities have to address to future proof,” Conry said.

JLL’s Director in Global Research, Jeremy Kelly said, “These indices have a bearing on how we understand city dynamics and serve to guide investors, businesses and employees as they make location choices. They point to which cities have the ingredients for future success and help steer the real estate industry in its response to the rapidly changing urban landscape.”

JLL’s Established World Cities rankings benchmark the most competitive urban cities in the world. The "Big Seven":

  1. London

  2. New York

  3. Paris

  4. Singapore

  5. Tokyo

  6. Hong Kong

  7. Seoul


The "Contenders":

  1. Los Angeles

  2. Shanghai

  3. Beijing

  4. Amsterdam

  5. Chicago

  6. San Francisco

  7. Toronto

  8. Madrid

  9. Sydney

  10. Washington DC

InfrastructureAustraliado not useResearch
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
View All >
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
The building rising at Barton will bring together Commonwealth departments currently spread across the national capital…
LATEST
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
3 Min
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
3 Min
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
3 Min
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/sydney-big-seven-established-world-cities-jll