Top 10 Business Cities 1. Hong Kong
Percentage of Fortune 500 companies present: 68.2% Office rental cost: $2,297 per square metre
In top spot-Hong Kong. Geographically well positioned and a lack of foreign ownership restrictions allows companies to operate globally yet still have access to a highly skilled and low-cost workforce.
Whilst technologies such as cloud computing have arguably
made doing
business
geographically agnostic, the worlds largest companies are instinctively drawn to set up base in key markets This months Top 10 Business Cities is The ranking is based on research by global real estate firm CB Richard Ellis, which surveyed 300 of the world’s largest companies, including Fortune 500 firms and ranked them based on the percentage of these companies which have offices in each of these cities.
2. Singapore
Fortune 500 Score: 67.5% Office rental: $850 psm
Second spot goes to another South-east Asian island. With world-class infrastructure, efficient administration, low taxes and a global transport hub has made it a top choice for many international companies and expatriates.
4. London Fortune 500 Score: 63.2 Office rental cost: $1,683 per square metre 3. Tokyo
Fortune 500 Score: 63.9% Office rental cost: $20,469 psm
Tokyo is home to 47 Japanese Fortune 500 companies, including Honda, Sony and Mitsubishi. The city is also headquarters to several of the world’s largest investment banks and insurance companies. It is also known as one of the three command centres of the world economy, along with New York and London.
Europes highest ranked city dominates the banking, financial, and professional services sectors worldwide. With more than 480 overseas banks, London continues to be attractive to most multinational heavyweights.
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