The prize of “world’s top tech city” fell to New York, which just edged out San Francisco. Singapore dominated the Asian continent, coming it at sixth worldwide. Melbourne achieved a respectable placement of 22, one place ahead of South Korea’s Seoul.

The index aims to measure which cities provide the best platform for success in technology and for start-up companies in general. The metrics include measurements ranging from the number of days needed to start a business to the cost of a flat white coffee.

The metrics fall in six categories: business environment, tech environment, city buzz & wellness, talent pool, real estate costs, and mobility. Each of these is weighted as a reflection of their importance to the technology sector.

The research revealed that Chinese cities now attract a higher share of venture capital investment than their US counterparts, with Beijing recording an average USD34 billion of venture capital per annum in the last three years.

Top 30 cities in Savills Tech Cities index:

  1. New York
  2. San Francisco
  3. London
  4. Amsterdam
  5. Boston
  6. Singapore
  7. Los Angeles
  8. Austin
  9. Stockholm
  10. Copenhagen
  11. Toronto
  12. Seattle
  13. Tokyo
  14. Paris
  15. Shanghai
  16. Berlin
  17. Beijing
  18. Tel Aviv
  19. Dublin
  20. Hong Kong
  21. Barcelona
  22. Melbourne
  23. Seoul
  24. Shenzhen
  25. Hangzhou
  26. Chengdu
  27. Santiago
  28. Buenos Aires
  29. Bengaluru
  30. Cape Town