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Office fit-out costs continue to rise across Asia Pacific, but at much slower rate
Research - MAY 30, 2024

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Office fit-out costs continue to rise across Asia Pacific, but at much slower rate

by Andrea Zander

Average office fit-out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate than a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024.

While inflation has started to ease in some markets, concerns about the interest-rate environment, supply-chain issues and geo-political tensions remain prevalent, although there is hope for an economic rebound in the second half of 2024. Cushman & Wakefield also note in the report that creating a workplace that enables employees to be at their most productive, and that promotes wellbeing and helps achieve corporate sustainability and inclusivity goals, remains high on the agenda for occupiers even as they grapple with cost challenges and increased scrutiny on the quality of spend. These key considerations, broadly categorized as the 3Cs – cost, carbon and culture –continue to shape companies’ strategies for the future of work. “The perce

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