Tel Aviv is the third best place in the world for technology business, according to a new report by property consultants Savills. Austin took the top spot, followed by San Francisco.

Savills surveyed 12 global cities with strong tech environments. The scores were measured according to five metrics: business environment, tech environment, quality of life, talent pool and property affordability.

New York, Stockholm and London came fourth, fifth and sixth respectively in the overall ranking.

Multinational R&D centers located within the Tel Aviv-Yafo metropolitan area include Google, Barclays, Motorola, BMC Software, Broadcom, EMC, Microsoft, GM, Amdocs, SAP, Applied Materials, Marvell, Oracle, HP, and CiscoIsrael. (via Israel21c)

[Photo: Ted Eytan / Flickr]