Shoring Markets Look Set to Help Region through Tougher Economic Times
Despite a raft of recent negative news on eastern European economies, Jones Lang LaSalle’s new report, which will be launched at MIPIM ‘Onshore, Nearshore, Offshore: Unsure? A Central European Perspective’, provides a welcome positive view by outlining the attractiveness of CEE markets towards tenants and landlords over the next three years.
While there is variance in the precise balance of drivers and influential factors shaping business location decisions, four key drivers – economic and political, labour, real estate and infrastructure, and business environment – are elements that, when carefully evaluated, can present tremendous opportunities but, conversely, can expose occupiers to potential risks.
Our conclusion is that the CEE region has become a highly competitive location on a global scale for corporates when making their strategic Business Product Outsourcing and Shared Service Centre decisions. With continued development in the region, combined with clear advantages around cost, labour and risk, we believe this trend is set to accelerate.
In addition to Jones Lang LaSalle, the report has also been contributed to by HR specialist Grafton Recruitment and the four inward investment agencies: PAIiIZ (Poland), Czech Invest (Czech Republic), ITDH (Hungary) and ARIS (Romania).
If you have any questions or want to find out more on the Outsourcing/ Off-shoring opportunities in the CEE region, please contact
John Duckworth, Regional Director, CEE.