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Half of the world’s commercial real estate investment is focused on just 30 cities, according to a report published today.
Jones Lang LaSalle’s (JLL) World Winning Cities research report also discovered that the top five ranked cities account for a quarter of total investments globally.
Singapore is ranked in sixth place with US$15 billion worth of commercial real estate investments in 2011.
London (US$43 billion), Tokyo (US$32 billion), New York (US$27 billion), Hong Kong (US$18 billion) and Paris (US$18 billion) occupy the top five positions according to the report.
The report also predicts that Singapore will be the second fastest growing mature city between now and 2020, with more than 4.5 percent GDP growth per annum.
“While it may be the ‘Asia Pacific Century’, the future strength and weight of US cities should not be underestimated. The major US cities will continue to act as substantial economies and real estate markets of global scale and significance,” the report noted.
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