{"id":1004358539,"date":"2019-10-08T03:30:24","date_gmt":"2019-10-08T11:30:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004358539"},"modified":"2019-10-09T01:03:25","modified_gmt":"2019-10-09T09:03:25","slug":"london-still-the-star-of-euro-cities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/","title":{"rendered":"London Still the Star of Euro Cities"},"content":{"rendered":"
\"London<\/a>

London skyline. Image via Pixabay.<\/em><\/p><\/div>\n

London stands atop the latest European Regional Economic Growth Index, released by LaSalle Investment Management. The city took the top spot for the 11th time since 2000 and for the third year in a row. LaSalle\u2019s announcement called London \u201cthe continent\u2019s leading market for future real estate occupier demand<\/em>.\u201d <\/p>\n

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READ ALSO:<\/strong> London Draws Most Global Real Estate Investment<\/a><\/p>\n

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London\u2019s top ranking is based on an assumption that the United Kingdom will exit the European Union with a deal by March 2020 and remain in a customs union with the E.U. for an extended period. LaSalle specifically noted that a no-deal Brexit would hurt the rankings of the United Kingdom\u2019s cities, \u201cwith London most exposed<\/em>.\u201d  <\/p>\n

In other commentary, London has drawn both confident praise and some concern. In January, a report from JLL highlighted the city\u2019s position as a destination for capital, much of it from foreign investors. In April, however, after a deadline for Brexit was postponed (to the current month), CRE experts told Commercial Property Executive<\/em><\/a> that both occupiers and investors were seen as cautious and \u201cwaiting for a bit more clarity<\/em>\u201d in the face of political uncertainty.<\/p>\n

\"Simon<\/a>

Simon Marx, Director of Research & Strategy, LaSalle. Image courtesy of LaSalle<\/em><\/p><\/div>\n

Simon Marx, LaSalle\u2019s director of research & strategy, pointed out that despite numerous changes over the Index\u2019s history, \u201cLondon has always held a spot close to the top of the Index.\u201d<\/em><\/p>\n

\u201cWhile the outcome of Brexit will clearly have a significant impact on London\u2019s ranking,\u201d<\/em> he added, \u201cthe city has <\/em>showed tremendous resilience over the last two decades and remains unparalleled in Europe in terms of the scale, flexibility <\/em>and diversity of its workforce and skills base.\u201d<\/em><\/p>\n

Paris took second place in the index\u2019s rankings for the third year in a row. Despite its highest score ever, it fell relatively further behind London. Paris was noted as having a positive service employment outlook compared to last year and as leading the LaSalle European Human Capital Index, which is a component of the E-REGI Index.<\/p>\n

And in a sign that maybe dicey national governments aren\u2019t a huge barrier to (perceived) economic prospects, Istanbul bumped Stockholm to take third place. The report cited Istanbul\u2019s strong GDP and employment scores and \u201ca large improvement in its employment growth prospects and human capital<\/em>.\u201d<\/p>\n

The best of the rest<\/h2>\n

The United Kingdom did well overall in this year\u2019s ranking, with almost all U.K. cities improving their places. Manchester overtook Edinburgh to be the second highest-ranked U.K. city. Like Manchester (33rd), Glasgow (51st) and Liverpool (58th) both rose more than 15 places compared to other European cities. Improved service employment outlooks were typically crucial for these shifts. Though Dublin fell three places, it stayed in the top 10, at ninth position.<\/p>\n

On the continent, Amsterdam continued its rise and reached 16th place, based on a high concentration of value-added sectors, higher-than-average productivity and a vibrant quality of life that attracts foreign talent and tech startups.<\/p>\n

Nordic cities also did well, with Stockholm, Oslo and Copenhagen-Malm\u00f6 in the top 10. German cities generally weakened slightly in the index because of that nation\u2019s struggling industrial sector and weaker global trade. Only Munich, in fifth place, remained in the top 10. Bucharest, a popular IT outsourcing location, jumped 40 places to 45th.<\/p>\n

The E-REGI Index, now in operation for 20 years, scores each European region based on its medium-term economic growth prospects, level of human capital and wealth, and business environment. This year, the service sector was seen as important for London\u2019s positioning, as well as numerous other cities that held or improved their positions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite looming Brexit clouds, the metro’s services sector helped earn London the top spot in LaSalle Investment Management’s ranking of European cities’ economic growth prospects.<\/p>\n","protected":false},"author":882,"featured_media":1004358542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21742],"tags":[33047,33722],"class_list":["post-1004358539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-latest","tag-brexit","tag-lasalle-investment-management"],"acf":[],"yoast_head":"\nLondon Still the Star of Euro Cities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London Still the Star of Euro Cities\" \/>\n<meta property=\"og:description\" content=\"Despite looming Brexit clouds, the metro's services sector helped earn London the top spot in LaSalle Investment Management's ranking of European cities' economic growth prospects.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-08T11:30:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-09T09:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/london-city-768776_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/\",\"name\":\"London Still the Star of Euro Cities - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/london-city-768776_1920.jpg\",\"datePublished\":\"2019-10-08T11:30:24+00:00\",\"dateModified\":\"2019-10-09T09:03:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/london-still-the-star-of-euro-cities\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/london-city-768776_1920.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/london-city-768776_1920.jpg\",\"width\":800,\"height\":620,\"caption\":\"London skyline. 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