Publications

Office fit-out costs across Asia Pacific increase slightly, up 0.5% year-on-year
Research - JANUARY 23, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Office fit-out costs across Asia Pacific increase slightly, up 0.5% year-on-year

by Andrea Zander

The cost to fit out workplaces in Asia Pacific continues to rise, mirroring ongoing inflationary pressures, higher commodity prices and increased construction costs. According to global real estate consultant JLL’s Asia Pacific Fit-Out Cost Guide 2023/2024, the average cost to fit out workplaces across the Asia Pacific region increased 0.5 percent year-on-year, with the average fit-out cost per square meter rising to $1,161, up from $1,159 last year.

After losing its spot to Sydney in last year’s guide, Tokyo has regained its place as the most expensive city in Asia Pacific for office fit-outs at $2,071 per square met

Forgot your username or password?