Understanding Green Building Economics 27th September 2017 - Tech CitiesAndrew D Thompson FRICS, Director, Savills Building & Project Consultancy
Todays Topics
• Tech Cities and the Savills Flat White Index
• Wellness
SAVILLS Building & Project Consultancy
Andrew D Thompson MSc CEnv FRICS
The evolution of cities
Industry and raw materials Ports and physical infrastructure Financial centres Human capital
Human capital wants city
Source: YouGov, Savills, BCO
0%
10%
20%
30%
40%
50%
60%
70%
A town/city centre A suburban location A business park A rural location
% o
f re
sp
ondents
25-34 35-44 45-54 55+
From Silicon Valley to San Francisco
Savills Tech Cities
22 Global Tech Cities
Established tech sectors, top of lists for expanding tech cos
Important and growing start up scenes
Vibrant and attractive cities in their own right
-
New York
Austin
San Francisco
Dublin
London
Berlin
Stockholm
Tel Aviv
Mumbai
Singapore
Hong Kong
SeoulSeattle
Toronto
SantiagoBuenos Aires Cape Town
Melbourne
Bangalore
Tokyo
Amsterdam
Copenhagen
Boston
Tech Cities 2016/17
Tech Cities Index components
Business
environment
+ +
Tech
Environment
City Buzz &
Wellness
Talent Pool Property Costs
+ +
Investment
Size of business sector
Ease of starting a business
R&D / innovation
Physical linkages
Cost of doing business
(regulations, taxes, pay)
Size / value of tech sector
Tech infrastructure
Tech engagement
City wellness
City buzz
Cost of living
Higher education
Immigration and
talent attractiveness
City youthfulness
Cost of renting
commercial property for a
‘scale up’ and established
tech company
Cost of renting residential
property for employees
Overall rankings
Source: Savills World Research0 20 40 60 80
Austin
San Francisco
New York
London
Amsterdam
Toronto
Copenhagen
Boston
Berlin
Singapore
Stockholm
Dublin
Seattle
Melbourne
Tel Aviv
Seoul
Hong Kong
Tokyo
Santiago
Bengaluru
Buenos Aires
Cape Town
Index score
Business Environment Tech Environment
City Buzz and Wellness Talent Pool
Real Estate Costs
Sub rankings
Source: Savills World Research
Talent PoolCity Buzz &
Wellness
Property Costs
Business
environment
Tech
Environment
Savills Flat White Index
City Buzz and Wellness
Source: Savills World Research
- 1.0 2.0 3.0 4.0 5.0 6.0 7.0
Berlin
London
Tokyo
Amsterdam
Toronto
Austin
New York
Melbourne
Singapore
Dublin
Copenhagen
San Francisco
Cape Town
Buenos Aires
Stockholm
Seattle
Santiago
Boston
Seoul
Tel Aviv
Bengaluru
Hong Kong
City Buzz Wellness Cost of Living
Property costs
Source: Savills World Research
0 2 4 6 8 10
Buenos Aires
Santiago
Cape Town
Berlin
Bengaluru
Seoul
Stockholm
Copenhagen
Dublin
Melbourne
Toronto
Amsterdam
Seattle
Austin
Tel Aviv
Boston
Singapore
San Francisco
London
New York
Hong Kong
Tokyo
Index score
Cheaper
More
expensive
Bureaucracy: number of days to start a business
Hong Kong 2
Toronto 2
Singapore 3
Copenhagen 3
Melbourne 3
Seoul 4
Amsterdam 4
London 5
San Francisco 6
Austin 6
New York 6
Dublin 6
Santiago 6
Boston 6
Seattle 6
Stockholm 7
Tokyo 10
Berlin 11
Tel Aviv 13
Buenos Aires 25
Bengaluru 29
Cape Town 46
Source: IMD
Startups per 1,000 people
-
5
10
15
20
25
30
Sta
rtups
per
1,0
00 p
eople
Source: Angel.co, Savills World Research
WellnessAndrew D Thompson MSc CEnv FRICS
While wellness has, in some quarters, become the property industry buzzword for 2017, this is one of the most visible
examples we have seen in practice and it certainly won’t be the last. Developers
are increasingly including these innovative features at design stage,
creating the first wave of ‘well buildings’ across the country.
When the White Collar Factory in Old Street, London, opened its doors earlier this month, it wasn’t so much the office space that drew attention as the 150-metre running track that sits atop the 16-storey building.
Built-in wellness is becoming a fact of life
http://www.propertyweek.com/opinion/built-in-wellness-is-becoming-a-
fact-of-life/5092547.article
While it may be a cliché to say employees are a company’s biggest asset, countless productivity studies
prove that employees’ work efficiency is directly linked to their happiness and the
traditional warehouses of old, with minimal natural light and stark amenity, are not necessarily conducive to this.
This is why forward-thinking landlords and logistics developers are now interacting with bodies such as the International WELL Building Institute, which looks to “advance buildings that help people work, live, perform and feel their best”.
In Savills and the British Council for Offices’ most recent What Workers Want survey, 31% of staff said that their workplace had a negative impact on their physical health and 28% said the same of the impact on their mental health.
http://www.propertyweek.com/opinion/built-in-wellness-is-becoming-a-
fact-of-life/5092547.article
Acknowledgements
Tech Cities is the research of Paul Tostevin of Savills World Research
“Built-in wellness is becoming a fact of life” is the Property Week article of Simon Collett, Head of
Division, Building & Project Consultancy, Savills (UK) Limited published on 22nd September 2017.
This presentation fully acknowledges the authorship of my two collegues
Thank you
© Savills 2016