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office space Office space

Office Fit-Out Cost Guides

These Guides are an essential tool to assist in corporate real estate decision-making regarding fitting out, retrofitting & reinstating office space.

Cushman & Wakefield’s Office Fit-out Cost Guides provide an indication of the fit-out construction costs for occupiers across key cities around the world. Whether it’s a basic, collaborative, or advanced hybrid fit-out requirement, these Guides compiled by our Project & Development Services team serves to assist occupiers in defining their capital planning and relocation budgets.

The Guides include a comprehensive fit-out cost section covering furniture, professional fees, mechanical & electrical works, construction works, audio visual/IT and other miscellaneous costs, as well as reinstatement and retrofit costs.

Estimated costs provided in our Guides are indicative of market averages based on certain assumptions. Exact costs for specific projects may differ to those presented – we recommend engaging a Project & Development Services professional to advise on precise costings based on your unique construction requirements.

EMEA Guide 2022 Highlights

Construction in EMEA has remained resilient throughout the COVID-19 pandemic and economic recovery is strong. However, many uncertainties remains around how employees will occupy and use space, a tightening global supply chain and labour challenges generating upward pressure on costs.

The expectations of an office and what it needs to provide have perhaps evolved more in the past two years then in the previous 20. The office plays a role in recruitment, development, retention as well as being the physical manifestation of a business. The requirements from any fit out encompass many diverse aspects and we look to address some of these in this year's guide.

Across 26 cities and 15 countries this year's Cost Guide covers:

  • Average cost SQM, average low, medium and high costs and average cost breakdown

  • An 'all-in' section to include furniture, audio visual, professional fees, and contingency on total costs

  • Clear comparisons across different cities

  • Technology, collaboration, sustainability and current cost driver's commentary 

Americas Guide 2022 Highlights

Across the Americas we’re seeing several key market forces having an impact on office fit-out costs. 

From inflationary pressure on pricing, to project delivery challenges due to supply chain delays and labor shortages, to continued uncertainty related to hybrid work structures and office workplace layouts, occupiers are facing complex office fit-out challenges.

In the pursuit of cost-effective, timely, and valuable office environments within which businesses can build culture, drive collaboration, and expedite innovation, it has never been more crucial to understand market dynamics, and use that intelligence to plan for future office fit-out strategy.

Across 50 cities & 9 countries in the Americas, this year’s Cost Guide covers:

  • Comprehensive tenant improvement construction costs including all relevant construction trade codes, general conditions fees & contingency

  • An assessment of labor challenges and the knock-on impact on U.S. office construction timelines and costs

  • The impact of global supply chain bottlenecks on commodity pricing

  • A ranking of the most expensive and most cost-effective markets across the Americas for office-fit outs

Asia Pacific Guide 2022 Highlights

One clear factor that has come out of the COVID-19 pandemic so far has been the resilience of the Asia Pacific region.

However, many uncertainties remain especially around what the office of the future will look like and how employees will occupy and use that space. With this we have seen a shift in how corporates are envisioning their space requirements, which in turn impacts fit-out decision-making, all within an environment where costs are still being closely scrutinized.

For 31 key cities across 14 markets in APAC, this year’s Guide External Link covers:

  • A comprehensive fit-out cost breakdown including furniture, professional fees, and construction works

  • Average costs to reinstate office spaces

  • Cost estimates of the different styles of fit-out to cater to the post-pandemic workforce

  • Average retrofitting costs for a budget-friendly alternative if you’re looking to update and refresh your office environment
APAC Office Fit Out Cost Guide APAC Top 3 Office Fit-Out Trends

Connect with the authors

Tom-Gibson_Headshot_Regional
Tom Gibson

Head of PDS, Asia Pacific
Singapore, Singapore


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Brian Ungles St. Louis Project & Development Services
Brian Ungles

President, Project & Development Services
Saint Louis, United States


+1 (314) 392-2625

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David C Smith (image)
David Smith

Head of Occupier Insights, Global Research
Atlanta, United States


+1 (404) 853-5310

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Sandy Romero New York Research
Sandy Romero

Global Research Manager
New York, United States


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Tom Fioretti Chicago Project and Development Services
Tom Fioretti

Executive Managing Director
Chicago, United States


+1 (312) 470-1867 x341867

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Brian Jaffe Executive Managing Director Seattle
Brian Jaffe

Executive Managing Director
Seattle, United States


+1 (206) 310-5073

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Gary Helminski
Gary Helminski

Executive Managing Director
Washington, United States


+1 (202) 266-1157

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Richard Jantz New York
Richard Jantz

Executive Managing Director
New York, United States


+1 (917) 7473754

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Andrew Carmichael
Andrew Carmichael

Senior Director, Project & Development Services, Asia Pacific
Singapore, Singapore


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Dr. Dominic Brown

Head of Insight & Analysis, Asia Pacific
Brisbane, Australia


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Nicholas Wilkinson m- London
Nic Wilkinson

Head of Project & Development Services, UK
London, United Kingdom


+44 203 296 3800

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Explore Previous Versions

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It’s hard to generalize construction costs because there are a number of factors in play at any given time.
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APAC Office Fit-Out Cost Guide 2020

With an increased focus on employee wellbeing and overall conservative approach to CAPEX budgeting, companies are looking at how they can integrate workplace strategy into their space utilisation.
12/2/2020
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Insights • Occupier

APAC Office Fit-Out Cost Guide

Cushman & Wakefield’s Asia Pacific Office Fit-out Cost Guide provides an indication of the fit-out construction costs across 28 key gateway cities in the region. Whether it’s a low, medium or high-quality specification fit-out requirement, this guide serves to assist occupiers in defining their capital planning and relocation budgets.
Dr. Dominic Brown • 8/22/2019
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London & South East Occupier Fit-Out Cost Guide

The Cushman & Wakefield Occupier Fit Out Cost Guide sets out current average fit out costs across a range of sectors, to help guide occupiers through the early stages of defining their relocation budgets.

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