JLL’s Investment Intensity Index: which cities attracted the most real estate investment relative to their size in Q2? JLL’s Investment Intensity Index compares the volume of real estate investment over a three-year period relative to the economic size of a city. This provides a useful measure of a city’s real estate market liquidity, giving insights into which cities are punching above their weight in attracting real estate investment. The Investment Intensity Index highlights key characteristics that are helping cities on the list maintain a competitive advantage. One example is the strength of vibrant, tech-rich cities – such as Munich, Stockholm and Copenhagen – which are scalable cities with a good quality of life that is attractive to corporate tenants. These qualities are increasingly factored into investment decisions. Another quality contributing to city investment attractiveness is real estate market transparency. Comparing city investment intensity with the results of JLL’s Global Real Estate Transparency Index reveals a remarkably good fit. This highlights the importance that investors place on high transparency, with a combination of robust regulatory and legal frameworks, fair transaction processes and good quality market intelligence. Transparent and liquid real estate markets, supported by high quality commercial stock, can provide significant competitive advantages and are key indicators of successful cities. Join the conversation on twitter @JLLCities #CitiesResearch or visit our website www.jll.com/cities-research

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Which cities attract the most real estate
investment relative to their size?
Top 25
Investment Intensity Index
LONDON
MUNICH
SYDNEY
OSLO
HONOLULU
AUCKLAND
FRANKFURT
COPENHAGEN
STOCKHOLM
SAN JOSE
AUSTIN
SAN FRANCISCO
MELBOURNE
PARIS
DUBLIN
GOTHENBURG
NEW YORK
TOKYO
BOSTON
BRISBANE
WARSAW
Illustrative
city characteristics
LONDON – World’s most liquid
and transparent real estate
market, has maintained its
position at the top of the Index
for the last three quarters
MUNICH – Tech-rich city with a
high quality of life
SYDNEY – Asia Pacific’s most
liquid market remains a strong
favourite with domestic and
international investors
AUCKLAND – One of the
world’s most transparent real
estate markets, with record
levels of investment over the
last year
BOSTON – Enters the Top 20
with a 50% increase in
investment over the last year
SAN JOSE, SAN FRANCISCO
and AUSTIN – Tech-rich cities
top the US ranks
WASHINGTON
DENVER
TOKYO – Cross-border
volumes have increased by
40% over the last year in the
world’s largest real estate
market
EDINBURGH
SEATTLE
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