Leeds is one of the top cities for tech cluster growth in CBRE report
Leeds is one of the leading cities in Europe, the Middle East and Africa (EMEA) for tech cluster growth, a report by global real estate adviser CBRE has found.
The city ranked fourth, behind Derby/Nottingham, Florence and Krakow, for growth as a tech cluster CBRE’s research into tech cities across EMEA found.
Jonathan Shires, senior director of the office agency team at
inset, CBRE in Leeds, said: “Leeds has experienced significant tech growth in the past few years which has started to change the way landlords refurbish and lease space.
“We’ve seen many new entrants, including the recent announcement that Dahua Technology, the world-leading solution provider in video surveillance and security technology, had chosen White Rose in Leeds as its first Northern office.”
The EMEA Tech Cities: Opportunities in Technology Hotspots report provides a framework for occupiers and investors to measure the characteristics of technology clusters in economic, leasing and employment terms at regional and city level.
The analysis identified four separate categories of technology cluster in the EMEA region, based on a city’s level, concentration and growth of tech sector employment.
Reflecting the fact that technology clusters are diverse in their structure, cost base and attraction to specialist technology sub-sectors. Leeds ranked fourth in the growth cluster category as a result of a double digit growth in tech employment since 2010, and it has forecast significant further growth in the sector over the next five years.
London topped the ranking in EMEA’s largest technology clusters, which covered capital cities and business centres with more than 70,000 people in tech employment. London’s top position in this ranking is partly due to its ability to attract young millennial talent. Its overall employment in the Information and Communications Technology (ICT) sector has grown by 20 per cent since 2008, with its proportion of the capital’s ICT employment at almost two and a half times the EU average.