Office Fit Out Cost Guide 2024 (Cushman & Wakefield)

Against a volatile economic backdrop, the Asia Pacific office market remains steadfast and continues to grow, with a broadly positive outlook. The need to innovate and evolve has not diminished. Companies are striving to meet their Environmental, Social, and Governance (ESG) targets, and new modes of working embrace flexibility, collaboration, and innovation, while fostering diversity and inclusion. The office is central to many of these transformative processes, with an increasing focus on building quality, fit out design, and raw material selection.

This year’s Guide takes a closer look at 33 key cities across the region, as well as:

• Key considerations for a best-in-class office fit out: creating office value, inclusive and sustainable design and partnership with landlords
• Cost estimates of three different styles of fit outs to cater to the post-pandemic workforce
• A comprehensive fit out cost breakdown that includes furniture, mechanical and electrical works, construction works, IT, audio visual and miscellaneous costs
• Three different levels of reinstatement costs, together with average retrofit costs