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Switzerland remains the most expensive place in Europe to locate an office worker

17 12 20 Switzerland remains the most expensive place in Europe to locate an office worker hero

According to latest benchmarking data, Switzerland tops the tables as the most expensive country in Europe in which to employ an office worker, says Colliers International’s latest Occupiers Cost Index shows.


The latest data benchmarking compares the cost of employing an office worker across 29 European countries, using information about 4,050 buildings, 26.3 million square meters of office space and 1.96 million employees (FTE) in 2019 – the latest full year of data available.

Overall across the continent the costs of employing office staff decreased by one per cent in 2019 to €9,695 on average per worker, as focus turned to increased remote working and flexible real estate solutions. However the UK and Russia saw the highest increase in costs at 7 per cent each, to €14,500 and €8,593 respectively, due to increasing rental costs and uptake of space in the two countries.

The most expensive country for occupiers is Switzerland at €18,407 per employee, followed by Norway and Sweden at €17,857 and €17,137, respectively. At the other end of the scale Bulgaria is by far the cheapest country in Europe in which to employ a full-time office worker at on average just €2,765 per year per office employee. Followed by Croatia at €4,145, and Romania at €4,255.

Denise Hoogendoorn, Head of Facilities Management Consultancy in the Netherlands, who analysed the results said: “Across Europe in 2019 the cost of supporting an office worker decreased by one per cent overall, in the majority of countries costs decreased, but in those countries where there was an increase, such as in the UK and Russia the increase was a significant jump of up to seven per cent.

“2020 has undoubtedly been a year of significant disruption to the occupier market with each of the four cost areas likely to change significantly. Most likely we will see an increase in spend under the IT category, as businesses quickly adapted to remote working, whereas costs on events and catering will have reduced for the year as well. It’s likely that on balance the total costs will remain similar.”

Andrew Hallissey, Executive Managing Director, Occupier Services EMEA said: “This Occupier Cost Index will prove invaluable because it provides a benchmark of data from 2019 which will be essential for corporates examining their office strategies for 2021 and beyond. This year has shown the resilience of remote working and with data comparing the costs of operating in 29 European countries we can advise our global clients on the most cost effective way to manage their office portfolios.”

View the report here


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Andrew Hallissey

Executive Managing Director – Occupier Services, EMEA

EMEA Corporate Solutions

London - West End

Well respected within the industry, Andrew is an Executive Managing Director with over 20 years of global experience within Corporate Real Estate. Andrew has a wealth of knowledge having advised dozens of Fortune 500 companies throughout the world on developing real estate transformation solutions.

As Executive Managing Director of EMEA Occupier Services.  Andrew drives strategy, client service delivery and spearheads the growth of Colliers’ occupier business within the EMEA region.

Andrew leads integrated service delivery for all occupier clients specialising in corporate real estate services, portfolio strategy, transaction management, brokerage, lease administration, project management, workplace services, and facilities management outsourcing advisory across the EMEA region.

Prior to joining Colliers, Andrew worked for CBRE where he has held senior leadership roles within their Global Workplace Solutions business in Chicago, Hong Kong, New York and London.  He has gained extensive global experience advising large corporations on their global real estate organization and strategy over the last 18 years, having worked across EMEA, North America and Asia Pacific.  Andrew also currently serves on the global board of directors of Corenet, the leading global association for the corporate real estate profession.

He has lived and worked internationally and has a deep understanding of the cultural and regional challenges within a global organisation.
 

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Kim Inam

PR Manager

Marketing & Communications

London - West End

I'm a communications professional who has previously worked as a journalist for eight years covering a broad range of topics including politics, crime, health and housing in north London. In recent years I have worked in corporate communications for local authorities across London  and joined Colliers in October 2019, initially providing maternity leave cover.

I provide strategic public relations advice to various business lines within the UK organisation to secure recognition for their work in the property press as well as key target media, and work with our experts to produce thought leadership pieces which are of interest to our clients and colleagues within the commercial real estate sector. In addition, alongside colleagues in the PR and wider communications team, I provide media and social media training for our in-house experts to prepare them for media opportunities and raise their personal brand within the sector.

As well as supporting various teams within the UK business, I also I curate and edit regular content for the Colliers.com blog, which drives credible business leads to our experts.

 

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