CBRE has published its exclusive listing of European cities which feature in the technology sector. Whereas the first place was won by London, the French capital follows its Anglo-Saxon neighbour closely securing the second place. Berlin completes the podium in third place.
The Capital has become one of Europe’s most important technology ‘hubs’. This can be explained by a number of factors: the importance of the risk capital investing in Paris, a large pool of employees qualified in technology, high quality training, notably in mathematics and in IT as well as the development of specialised schools such as the Ecole 42 of Xavier Niel and the development of startup incubators such as the Station F, the largest in the world, with more than 1,000 companies spread out over more than 30,000 m².
Paris also distinguishes itself through the diversity of its technology sub-sectors: web services, e-commerce, ad tech, digital advertising and FinTech all feature, as well as digital games, hardware or even Digital Services Companies. In London however, the technology economy is mainly centred on web and software services.
The technology sector corresponds on average to 12% of surface areas rented in Paris over the last decade, or approximately 144,000 m².