London will weather any storm whipped up following the EU referendum and will continue to hold court on the global stage, claims Colliers International - a global commercial real estate specialist.
Its 'Cities of Influence' report cites the capital's ability to re-invent and evolve as a defining survival mechanism, with the ability to hold on to professional talent a key redeeming feature. The report features a ‘TLC’ index, in which 20 major individual economic cities are ranked in terms of talent, location and cost. London topped the list, edging out Paris.
Colliers International's findings can be consolidated by recent announcements from a glut of tech heavyweights who have committed to a growing presence in London. Apple, Google, Facebook, Snapchat and IBM have all invested in the capital's commercial property sector by opening new offices and HQs.
James Robinson, the General Manager at mews property specialist Lurot Brand, says investment in London's commercial property sector has a direct impact on its sister residential market: "London's continuing ability to attract blue chip companies and global organisations means there's always a workforce to house, and an inward influx of professionals keeps the residential property market in robust health. The 'Cities of Influence' result is a clear indication that London remains open for business as a world-leading destination."
“With Trumps latest immigration policy, this could be even more reason for talent to move to London. The ability to hold on to its workforce and continue developing its talent base will be critical to ensure the UK’s capital remains a primary attractor of corporate activity.”