An improving economic backdrop across Europe will create more office-based jobs and increased demand for new office space, with the UK creating the most new positions in spite of Brexit, real estate services firm Savills has found.
A net additional 2.8 million office-based jobs are forecast to be created in the EU28 countries over the next five years, reflecting 4.4% growth, according to data from Oxford Economics.
Around 1.2 million jobs will be created in the professional, science and tech sector, with a further 1.2 million jobs in the administrative sector, reflecting a 7.5% increase in headcount in each sector.
Sweden (8.5%) and Denmark (8.2%) are forecast to see the strongest employment growth over the next five years, supported by professional and tech employment growth. By total headcount, despite Brexit concerns, the UK is forecast to see the strongest office-based employment growth of 609,000 net additional jobs over the next five years.
Around half of these will be delivered in the administrative and support sector.
Savills said it generally expects city-level employment growth to outperform country-level growth as increasing urbanisation draws talent to key cities, adding upward pressure to CBD rents.
