In order for a city to be considered a successful industrial location, it must possess a united transport system that allows the smooth flow of people and goods into and throughout the city itself. Transport provision is in fact a vital consideration for both manufacturers and logistics operators alike, and it remains crucial for cities to have a fully integrated transport network across transport types. In addition, developments in technology – such as 3D printing – and the rise of e-commerce have advanced the industrial sector considerably in terms of efficiency, and thus innovation is a key driver for the market.
The Asia Pacific region dominates the top three positions for the Cushman & Wakefield ranking of the top global cities for industrial
indicators, with Shanghai finishing ahead of Hong Kong and Singapore in second and third place, respectively. With trade volumes between Asian countries continuing to drive global trade, these cities are industrial hubs in terms of both sea and air freight. Indeed, Asia’s influence in the industrial sector expands further in the ranking; nine of the top 20 cities for our industrial city ranking are from the Asia Pacific region. This is followed by six cities from EMEA and five cities from the Americas. New York was the best placed city from the Americas in fourth place, with London the first representative from EMEA in fifth place.
Global industrial investment volumes showed a marked increase over the year, moving up by over 30% to US$78 billion. It was Los Angeles, San Francisco and New York from the USA that led the way in terms of being the top global cities for industrial investment, with Tokyo and Hong Kong in fourth and fifth, respectively. London was the highest ranked location from EMEA in 8th position.
Source : Cushman & Wakefield