TOKYO--(BUSINESS WIRE)--New York City was again ranked the world’s second most attractive city in the 2017 Global Power City Index (GPCI) report published today by The Mori Memorial Foundation’s Institute for Urban Strategies, a research institute established by Mori Building, a leading urban developer in Tokyo. First published in 2008, the annual GPCI report evaluates and ranks 44 major cities according to their “magnetism”, or their overall power to attract creative individuals and enterprises from around the world. Cities are rated on the basis of 70 detailed indicators in six categories: “Economy”, “R&D”, “Cultural Interaction”, “Livability”, “Environment”, and “Accessibility”.
For the sixth year running, NYC achieved an overall No.2 ranking, behind London. Due to an improvement in its nominal GDP, the city reclaimed the top slot in the “Economy” category, and retained its lead in the “R&D” field, thanks to the number of the world’s top 200 universities based there and its level of R&D expenditure. Key challenges for the Big Apple lie in the cost of housing and the lack of greenery, which contributed to the city’s low ratings in the category of “Livability” (ranked #34) and “Environment” (#30).