Office Fit Out Cost Guides

AMERICAS Guide 2024 Highlights

Key findings include:

• The worst of supply chain stress is likely behind us, but new pressures continue to emerge.
• General Contractor (GC) sentiment about project timelines has improved; however, some key components still have extended wait times.
• Price growth has generally decelerated, but many prices are still high.
• Finding skilled talent remains a challenge.
• Occupiers will have fewer new office assets to choose from over the next few years, but there will be an increase in upgraded and renovated buildings to consider.
• Analyzing these continuously evolving dynamics and more, this year’s guide takes a closer look at 58 key markets in the Americas, and covers:
  • Four key considerations for a best-in-class office fit out: technology, workplace design for neurodiversity, attracting employees to the office, and labor challenges.
  • A comprehensive fit out cost section that covers architectural trades; millwork; doors, frames, and hardware; drywall, acoustic ceilings and carpentry; general finishes; mechanical, plumbing fire protection; electrical and more. 
    
    

EMEA Guide 2024 Highlights

The EMEA Office Fit Out Cost guide evaluates the disruptions and emerging patterns in the office sector. It offers a comprehensive insight into expenses involved, going beyond data to provide a nuanced understanding tailored for 43 key cities across the region. The report reflects factors affecting each market's office environment, providing insight into the diverse challenges and opportunities in this dynamic landscape.

Main highlights:

• Detailed insights across 43 markets
• Examination of pivotal factors such as workplace design strategy, sustainable practices, procurement methodologies, and cutting-edge technology integration that drive the value and functionality of modern office space
• Discussion of the merits of selecting premium-grade contractors and materials underpinning durability, aesthetics, and employee satisfaction
• Expert guidance on constructing environments that foster creativity and efficiency and align with Environmental, Social, and Governance (ESG) criteria.

APAC Guide 2024 Highlights

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