Demand for tech talent is beginning to outstrip supply in some European markets, spurring tech employers to expand their hiring into relatively untapped locations.

This push is being further driven by high labour costs and the greater acceptance of remote workforces in many well-known global markets, says CBRE in its Global Tech Talent Guidebook, which analyses key labour trends across 75 global markets, 25 of which are in Europe.

The demand-supply imbalance for skilled workers, coupled with rising costs, means tech companies are seeking to establish office locations in emerging European tech office markets. These include Bucharest, Porto, Seville, Tallinn, Valencia and Wroclaw.

“Well-known, leading markets such as London and Paris will continue to be seen as tech powerhouses based on their scale and long-term fundamentals,” says Richard Holberton, CBRE’s head of office occupier research for Europe. “However, it’s really interesting to see so