10. Singapore
Population: 3.9 million GDP per capita: $ 52,965 Average cost of office rent per week (sq. ft.): $ 115 Average cost of renting residential property per week: $ 1,450 Cost of coffee with milk: $ 3.67 Number of startups per 1 thousand people: 0.5 Average commute time for IT staff: 35 minutes Public transport fares: $ 1.33 Annual passenger traffic in the city’s airports: 55.4 million
Singapore is rapidly becoming a global center of information technology, especially after the city started to develop and widely use digital technologies in city management. In particular, this concerns information on traffic. The developed financial sector, as well as Singapore’s reputation of a city with a high business culture, also contribute to the fact that it is one of the ten world IT centers.
9. Berlin, Germany
Population: 3.6 million GDP per capita: $ 37,328 Average cost of office rent per week (sq. ft.): $ 25 Average cost of renting residential property per week: $ 503 Cost of coffee with milk: $ 3.30 Number of startups per 1 thousand people: 0.5 Average commute time for IT staff: 23 minutes Public transport fares: $ 2.98 Annual passenger traffic in the city’s airports: 29.5 million
Berlin is traditionally considered the capital of European art and nightlife. However, in recent years, the relatively low cost of real estate and life, as well as development of the IT sector, have contributed to the fact that the city has become one of the world’s leading technology centers.
8. Boston, USA
Population: 667 000 GDP per capita: $ 87,308 Average cost of office rent per week (sq. ft.): $ 72 Average cost of renting residential property per week: $ 1,400 Cost of coffee with milk: $ 3.37 Number of startups per thousand people: 5.8 Average commute time for IT staff: 35 minutes Public transport fares: $ 2.50 Annual passenger traffic in the city’s airports: 39.1 million
California has gained fame as a world center for technology development. However, the East Coast in some relation is even better. The region’s traditional residents are biotechnology and pharmaceuticals companies. Yet, areas as high-tech innovations, electronic commerce and electronic games are also developing quite fast.
7. Copenhagen, Denmark
Population: 591 thousand. GDP per capita: $ 64 692 Average cost of office rent per week (sq. ft.): $ 17 Average cost of renting residential property per week: $ 982 Cost of coffee with milk: $ 4.33 Number of startups per 1 thousand people: 0.8 Average commute time for IT staff: 37 minutes Public transport fares: $ 3.56 Annual passenger traffic in the city’s airports: 29.2 million
Technology is a new black in Copenhagen, and the new trend has already brought several successful results. The city received the maximum rating in the welfare category.
6. Amsterdam, The Netherlands
Population: 840 thousand GDP per capita: $ 69,752 Average cost of office rent per week (sq. ft.): $ 34 Average cost of renting residential property per week: $ 1,315 Cost of coffee with milk: $ 2.47 Number of start-ups per 1,000 people: 1,3 Average commute time for IT staff: 29 minutes Public transport fares: $ 3.20 Annual passenger traffic in the city’s airports: 58.3 million
Traditionally, Amsterdam was considered a bohemian, creative city, but technology plays a significant role here. 90% of the city’s population speak English and Dutch. This is one of the leading European IT-centers.
5. Toronto, Canada
Population: 2.8 million GDP per capita: $ 44,907 Average cost of office rent per week (sq. ft.): $ 25 Average cost of renting residential property per week: $ 968 Cost of coffee with milk: $ 2,48 Number of start-ups per 1,000 people: 1.1 Average commute time for IT staff: 40 minutes Public transport fares: $ 2.29 Annual passenger traffic in the city’s airports: 43.4 million
At the moment, about 3 thousand tech companies are successfully working in the city. In addition, Toronto was praised for the quality of life since it is one of the world’s the best cities in terms of standard of living, and one of the leading technology centers.
4. London, United Kingdom
Population: 8.7 million GDP per capita: $ 63,739 Average cost of renting an office per week (square ft.): $ 94 Average cost of renting residential property per week: $ 1 981 Cost of coffee with milk: $ 3.32 Number of startups per 1 thousand people: 1 Average commute time for IT staff: 29 minutes Public transport fares: $ 3.32 Annual passenger traffic in the city’s airports: 153.5 million
London is the world’s banking center. Therefore, there is nothing surprising in the fact that many fintech startups choose to work here. A high level of education in universities and proximity to the largest European airports have also contribute to London’s current position in the IT rating.
3. New York, USA
Population: 8.5 million GDP per capita: $ 83,470 Average cost of office rent per week (sq. ft.): $ 81 Average cost of renting residential property per week: $ 1,482 Cost of coffee with milk: $ 3.60 Number of startups per 1,000 people: 1,8 Average commute time for IT staff: 29 minutes Public transport fares: $ 2.75 Annual passenger traffic in the city’s airports: 126.7 million
New York boasts a number of advantages for the financial, trade and technological sectors. There are universally recognized universities, high culture of doing business, as well as links with many countries of the world – all this attracts multinational corporations and private entrepreneurs.
2. San Francisco, USA
Population: 865 thousand. GDP per capita: $ 97,856 Average cost of office rent per week (sq. ft.): $ 71 Cost of coffee with milk: $ 3.75 Number of start-ups per thousand people: 26.3 Average commute time for IT staff: 33 minutes Public transport fares: $ 2.25 Annual passenger traffic in the city’s airports: 71 million
San Francisco has a traditional reputation as a global IT center, and does not need additional details. Twitter, Airbnb, and Uber are just a few success stories that happened in the city.
1. Austin, USA
Population: 932 thousand. GDP per capita: $ 62,376 Average cost of office rent per week (sq. ft.): $ 54 Average cost of renting residential property per week: $ 1,002 Cost of coffee with milk: $ 3.50 Number of start-ups per thousand people: 2.7 Average commute time for IT staff: 16 minutes Public transport fares: $ 1.75 Annual passenger traffic in the city’s airports: 11.9 million
Austin has become the main IT-center in the world thanks to low taxes, favorable prices for real estate, developed business culture and presence of companies such as IBM, Dell and AMD.
source: savills.co.uk
