Asia Pacific Fit-Out Cost Guide 2023/2024
Understanding trends and opportunities can help provide an idea of what you would expect to pay for a typical office fit-out across the region.
Resilient markets, but challenges remain
As predicted in our Fit-Out Cost Guide 2022/2023, inflation in Asia Pacific markets is returning to normal levels, but factors like commodity prices, energy costs, wage increases, and exchange rate volatility continue to impact pricing. Geopolitical tensions and global headwinds could cause a second wave of inflation while supply chain constraints exist in M&E, IT, AV, and security trades. We hope this guide serves as guidance as many organisations aim to adapt office spaces for the future, balancing return-to-office mandates with creating hybrid, human-centric workspaces.
is the average cost per square foot for fit-out across Asia Pacific.
is the most expensive city for fit-out in Asia Pacific.
of JLL market leaders report that projects are pursuing sustainability design criteria.
Source: JLL APAC Fit-Out Cost Guide 2023/2024
Are you designing your office for the right work activities?
To ensure the optimal selection of fit-outs, it is essential to consider the specific work activities occurring within the office.
Source: JLL, Is Hybrid Really Working