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Tech Cities and the Savills Flat White Index & Wellness
1. Understanding Green Building Economics
27th September 2017 - Tech Cities
Andrew D Thompson FRICS, Director, Savills Building & Project Consultancy
2. Todays Topics
• Tech Cities and the Savills Flat White Index
• Wellness
SAVILLS
Building & Project
Consultancy
Andrew D Thompson MSc CEnv FRICS
3. The evolution of cities
Industry and raw materials Ports and physical infrastructure Financial centres Human capital
4. 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
%ofrespondents
25-34 35-44 45-54 55+
6. 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
-
8. 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
9. Overall rankings
Source: Savills World Research
0 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
10. Sub rankings
Source: Savills World Research
Talent PoolCity Buzz &
Wellness
Property Costs
Business
environment
Tech
Environment
12. 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
13. 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
14. 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
15. Startups per 1,000 people
-
5
10
15
20
25
30
Startupsper1,000people
Source: Angel.co, Savills World Research
18. 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
19. 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
20. 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