Although both cities are ranked behind London overall, both are often ranked higher than the capital on a number of factors, as are other cities such as Glasgow, Edinburgh, Newcastle and Nottingham.

Adrian Hill, head of business space at Cushman & Wakefield, said: “It’s clear that senior directors of UK companies overwhelmingly favour the country’s three largest cities, principally because of their population, access to markets and transport infrastructure.

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“The rise of cities such as Bristol, Glasgow and Edinburgh, however, show that softer factors such as quality of life are deemed increasingly important for a firm’s employees.”