Economic outlook, technology and sustainability driving evolution of office fit-outs

CBRE’s new Global Office Fit-Out Cost Guide shows that the office fit-out landscape continues to evolve, driven by a confluence of economic, technological and societal shifts. It also reviews the impact on office fit-outs of several key trends, including technology and innovation, workplace evolution, sustainability and investment patterns.

“We expect a modest recovery in the leasing market this year, driven by catch-up leasing activity and better understanding of corporate space needs to accommodate new work strategies,” said Nicolas McNamara, director, project management occupier consulting, at CBRE. “This is expected to involve significant upgrades in portfolio quality, aligning real estate more closely with office attendance and talent attraction strategies.”

CBRE produces the Global Office Fit-Out Cost Guide annually to examine how current trends are reshaping cost dynamics in key locations across the Americas, Asia-Pacific and Europe