Leeds is one of the top cities for tech clus­ter growth in CBRE re­port

Yorkshire Post - Business - - BUSINESS / NEWS - Grace Ham­mond BUSINESS RE­PORTER @york­shire­post

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.

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