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Savills: Higher fit-out costs and service-charge growth set to increase office occupier costs
Research - APRIL 8, 2022

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Savills: Higher fit-out costs and service-charge growth set to increase office occupier costs

by Andrea Zander

Global markets around the world has shown that higher fit-out costs, reflecting material and labor cost inflation, are beginning to creep through in some office markets, according to Savills analysis’ of First Quarter 2022 Prime Office Costs (SPOC).

While overall there has been no movement in the position of cities in the rankings since the end of 2021, said Savills, some markets are experiencing rising costs in fitting out space and increased service charges. According to Savi

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