CHALLENGES IN DELIVERING PROJECTS IN EMEA
Opportunities for expanding into EMEA are promising, but several challenges must be navigated:
• Limited supply of sustainable offices: There is high demand for top-tier, sustainable office spaces. However, the supply is limited, especially for companies aiming for net-zero emissions by 2030. • Rising rents: The demand for prime office spaces has driven up rental prices, with further increases anticipated over the next five years. • Complex planning and regulations: Navigating the planning permissions and regulatory requirements, which vary across European countries, can be cumbersome and time-consuming. • Diverse market practices and regulations: EMEA is a mosaic of distinct legal and regulatory environments. Companies must work through these differences, including construction codes and tenancy laws, to ensure compliance. • Talent acquisition variability: Talent availability differs widely across EMEA. Eastern Europe is becoming a hub for corporate services, Barcelona and Portugal for tech talent, and London and Paris for fintech. Companies need to analyse local talent markets to identify optimal locations. • Supply chain and distribution: Understanding European supply chain logistics is crucial for businesses involved in production or distribution. Considerations include client locations, transportation networks, and language differences. • Hybrid working practices: Attitudes toward hybrid working models vary significantly between EMEA and the US, and also among individual European countries. This variation affects both employer expectations and employee preferences.
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