12-11-2015 - The average costs to establish an office in Europe amount to € 8,443.- per FTE per year according to The Occupier Cost Index 2015. The index is based on data gathered from 29 countries, 3,500 buildings, over 32 million m² and more than 1.7 million Full Time Equivalents (FTE). It has been developed by Colliers International Corporate Solutions.
The largest decrease (10%) took place in the Netherlands (€ 8,857.-) where both costs for People & Organization and FM Management were substantially lower than last year. The Netherlands is followed closely by Denmark (8,5%) (€ 12,030.-), with a steep decline in cost, mainly due to a decrease in rents.
Recovery of rents in France, Germany, Portugal and Ireland have resulted in higher costs for occupiers compared to last year while the higher costs in Turkey were attributed to an increase in costs for services. Switzerland (€ 17,862.-) tops Norway and Sweden as the country with the highest occupier cost. Bulgaria (€ 2,513.-), Hungary and Slovakia have the lowest yearly cost in the index.
These benchmarks come from the Occupier Cost Index (OCI) 2015. The index portrays the office costs per FTE for most important European countries based on the European FM standard EN 15221. The Occupiers Cost Index provides insight in the international cost ratios for the European market and is presented on an annual basis. Not just the real estate costs have been compared, but the integral costs of buildings, facilities and ICT for one FTE during a single year. The OCI enables a pan-European benchmark of the costs for facilities and offers multinationals supporting business case data for making their location decisions.
Download the OCI 2015 here