A Cushman & Wakefield Publication
OFFICE Fit Out Cost Guide 2026
ASIA PACIFIC
Introduction The Asia Pacific economy faced an array of new challenges in 2025. At the forefront was the introduction of tariffs on exports to the U.S., set at levels not seen in nearly a century. Inflation and interest rates remained central themes across the region, with the region bifurcating between a majority of markets facing sub-par inflation and continuing to cut rates, while a smaller minority contended with stronger inflationary pressures and the prospect of further rate hikes. In reflection of this, at the regional level, fit out costs increased only modestly year- over-year (YOY), in both U.S. dollar and local currency terms. However, there was a strong divergence between markets below this regional average. As we head further into 2026, uncertainty continues to prevail. The tariff landscape has shifted once again and conflict in the Middle East has escalated. Prior to the events of late February and early March, regional growth was forecast at 3.7% in 2026, from an estimated 4.3% in 2025. Should the region follow this script, it is consistent with the Asia Pacific region absorbing approximately 77 million square feet (msf) of space through 2026.
Cost pressures are continuing to ease insofar as the consensus view is for labour and material costs to only marginally increase over the next six months. For the most part, project backlogs and lead times both appear well under control. Together these factors should give companies greater assuredness in underlying project costs and timelines, suggesting now is an opportune time to undertake key capital expenditure projects. In this guide, we have maintained our coverage of 33 key cities across Asia Pacific and continue to provide greater insights into the construction industry through our Asia Pacific Contractor Sentiment Survey. A comprehensive fit out cost section covering furniture, mechanical & electrical works, builder works, audio visual/IT and other miscellaneous costs is also included. Consequently, this guide serves as a key resource to assist companies in defining their capital planning and relocation budgets.
The pricing benchmarks included in this guide reflect market conditions as of December 2025 and represent average fit out costs across the covered markets. While every effort has been made to ensure accuracy, ongoing geopolitical developments, including conflict in the Middle East, may influence supply chains, material availability, labour markets and energy costs, which could impact future pricing. As such, these figures should be considered indicative benchmarks rather than fixed project costs, and we recommend seeking project-specific advice for current market pricing.
IOI PROPERTIES, SINGAPORE
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Market Review and Outlook Economy
Of course, not all economies are being equally impacted. At the headline level, those economies that have strong domestic consumption or have limited trade exposure to the U.S. are forecast to lead the region. In contrast, those with weaker consumption and more trade exposure are expected to experience comparatively slower growth. Despite macroeconomic uncertainty, businesses became considerably more optimistic as they successfully navigated changing market conditions and have now started to reinvest in their growth strategies. No doubt, the exceptional growth of the AI sector has been a key component of this renewed confidence. Furthermore, selective interest rate cuts will bring down the cost of debt and provide additional support for growth.
The regional economy has shown considerable resilience through what had been a volatile year. Growth in H1 2025 largely exceeded expectations, although the underlying drivers have been “choppy.” The imposition of U.S. tariffs has had global ramifications, felt more acutely in Asia Pacific given the breadth and depth of trade ties. Accordingly, the changing tariff environment has resulted in surges and pull- backs in demand as exporters have rushed to fill orders before tariff hikes have taken effect. Such activity has supported economic growth through 2025, with revised regional GDP estimated at 4.3%. Amidst this, inflation remains in the spotlight but for differing reasons. On the one hand, price growth remains anaemic on the Chinese mainland and in Thailand; on the other, a recent surge in Australia has ignited concerns of re-inflationary pressures. Between these extremes, inflation remains weaker than many central banks would like, reflecting subdued domestic consumption. As a result, most central banks continue to maintain an accommodative bias while the Bank of Japan— and now the Reserve Bank of Australia—have hiked rates. In late February, the tariff landscape shifted once again and escalation of conflict in the Middle East has further clouded the growth outlook. Prior to these events, growth had been expected to slow through H1 2026 before improving in the second half of the year, resulting in average annual growth of 3.7%. Although not part of the baseline scenario, any early reduction in tariffs is an upside risk for the region that could help drive stronger growth.
WPP, SINGAPORE
Figure 1: Real GDP growth (% average annual) for select markets in 2025 and 2026
2025
2026
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%
Source: Moody’s Analytics; Cushman & Wakefield
SIMCORP, PHILIPPINES
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APAC Office Fit Out Cost Guide 2026
CECO, SINGAPORE
Office Market Total prime net absorption across Asia Pacific’s top 27 markets reached 92 msf in 2025, up from the 76 msf recorded in 2024 as markets continue to recover from 2022 lows. While occupiers have adopted a cautious approach to the market, the expansive nature of the region has continued to underpin ongoing space demand.
India has led this growth story; what started as a post-pandemic rebound has evolved into an enduring trend of significant demand with India’s top eight cities accounting for two-thirds of regional demand. Such demand trends are forecast to continue through 2026, albeit with a slight normalisation in Indian office demand following outperformance in 2025. A notable change from recent trends has emerged on the supply side. Total new supply under construction across the region’s core markets started 2026 at 386 msf, with 192 msf located in India’s top eight cities and 194 msf across the remaining 19 cities. The latter figure is well below the nearly 410 msf peak recorded in early 2018, underscoring the impact of elevated construction costs on the office market. Accordingly, vacancy is expected to trend down over the forecast horizon and support accelerating rental growth. Such trends are likely to be exacerbated for high-quality buildings in high-quality locations. Corporates are therefore well advised to prioritise decision making on high-priority sites to secure in-demand space.
Figure 2: Regional annual grade A office net absorption (msf) and vacancy rate by broad geography*
120
20%
Tier 1 Chinese mainland
India
Rest of APAC Vacancy rate (rhs)
18%
100
16%
14%
80
12%
60
10%
8%
40
6%
4%
20
2%
0
0%
* Tier 1 Chinese mainland = Beijing, Guangzhou, Shanghai, Shenzhen India = Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, Pune Rest of APAC = Adelaide, Bangkok, Brisbane, Hanoi, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Perth, Seoul, Singapore, Sydney, Tokyo.
Source: Cushman & Wakefield
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Backlogs are mostly under control
Views on labour and raw material cost increases divided opinions • Labour costs were seen as the primary driver of price increases in Australia, Indonesia and— to a lesser extent—Vietnam. In these locations, Project execution times also expected to increase modestly • Only Vietnam and the Chinese mainland have noticeably lower execution and lead times than the regional average.
The worst of pricing pressure is now over
70%
90%
• Price increases remain muted in Greater China, and more pronounced in Australia and India. • Nearly 70% expect only a slight increase in pricing over the next six months • A further 20% expect prices to remain flat
• Almost 90% of respondents reported backlogs of six months or less. • In Indonesia, one-third of respondents reported seven to eight month backlogs. • In Japan, nearly 25% reported backlogs in excess of ten months, mainly attributed to the shrinking construction workforce and limitations on overtime.
while the tight labour market has eased somewhat, pressures remain in 2026.
• In contrast, weaker labour dynamics on the Chinese mainland and lower wage pressure in South Korea and Japan saw respondents attribute cost increases more to raw materials.
Contractor Sentiment
At a regional level, contractors are positive on the sector’s outlook, with an overwhelming 70% expecting conditions to improve slightly or significantly. Australia and India are standouts here at over 90%, with most of Southeast Asia above the regional average. Together these factors should give companies greater assuredness in underlying project costs and timelines, suggesting now is an opportune time to undertake key capital expenditure projects before activity begins to accelerate.
Project lead times likely to remain benign
Respondents were roughly evenly split on the impacts of tariffs
Results from Cushman & Wakefield’s Asia Pacific Contractor Sentiment Survey, which obtained the views of over 180 general contractors from around the region in December 2025 and January 2026, confirm that the sector is healthy and the outlook is positive for the year ahead.
51%
33%
• Approximately one-third expect an increase in project lead times; the remainder are neutral or expect a slight decrease. • Japan is an outlier: 85% of respondents there expect a slight increase. • India, Indonesia and Malaysia also sit slightly higher than average.
• Regionally, 41% expected no impact on vendor pricing, while 51% expected a slight increase • Respondents in India expect a higher risk of significantly increased pricing; overall there was little intraregional variation • The cause of these potential increases remains unclear, as most Asia Pacific economies have not enacted reciprocal tariffs on imported goods, but could reflect contingency planning in response to heightened geopolitical volatility and broader disruptions to global shipping and supply chains.
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ZEISS, VIETNAM
Average Fit Out Costs In 33 Cities Across Asia Pacific
AVERAGE COST (USD PER SQ FT)
RANK REGION
CITY
1
TOKYO
215
NORTH ASIA
2
OSAKA
210
3
NAGOYA
206
4
CANBERRA
182
5
AUCKLAND
174
AUSTRALIA & NEW ZEALAND
210
OSAKA
6
BRISBANE
162
SEOUL
130
95
BEIJING
7
SYDNEY
161
BUSAN
TOKYO
120
GREATER CHINA
8
HONG KONG
160
215
SHANGHAI
96
9
MELBOURNE
157
DELHI
206
NAGOYA
AUSTRALIA & NEW ZEALAND
10
ADELAIDE
149
SHENZHEN
69
GUANGZHOU
85
KOLKATA
10=
PERTH
149
87
TAIPEI
145
65
AHMEDABAD
65
GREATER CHINA
12
TAIPEI
145
HANOI
63
HONG KONG
73
MUMBAI
SOUTHEAST ASIA
13
SINGAPORE
140
HYDERABAD
65
PUNE
MANILA
65
105
14
SEOUL
130
BANGKOK
91
NORTH ASIA
65
61
CHENNAI
HO CHI MINH CITY
15
BUSAN
120
BENGALURU
67
KUALA LUMPUR
80
SOUTHEAST ASIA
16
MANILA
105
SINGAPORE
140
17
SHANGHAI
96
GREATER CHINA
18
BEIJING
95
58
SOUTHEAST ASIA
19
BANGKOK
91
JAKARTA
20
SHENZHEN
87
GREATER CHINA
21
GUANGZHOU
85
SOUTHEAST ASIA
22
KUALA LUMPUR
80
23
MUMBAI
73
24
DELHI
69
162
BRISBANE
25
BENGALURU
67
149
PERTH
161
SYDNEY
AUCKLAND
26=
AHMEDABAD
65
149
ADELAIDE
INDIA
26=
CHENNAI
65
182
174
CANBERRA
26=
HYDERABAD
65
157
MELBOURNE
26=
KOLKATA
65
26=
PUNE
65
31
HANOI
63
SOUTHEAST ASIA
32
HO CHI MINH CITY
61
33
JAKARTA
58
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APAC Office Fit Out Cost Guide 2026
How do we classify fit outs? LOW (BASIC)
MEDIUM (COLLABORATIVE)
Data points to equal desk positions
Limited meeting facilities, less than 10% of space
Low specification finishes and carpet throughout
Medium specification carpet & hard
Meeting facilities around 10 - 20% of space, with part single glazed partitions
Shared heating & cooling across cellularised space
flooring to reception
Vinyl flooring to cafeterias
Minimal sustainability certifications
Good sustainability certifications
Multiple data points to each desk position
• Limited meeting facilities, less than 10% of space
• Data points to equal desk positions
• Meeting facilities around 10–20% of space, with part single-glazed partitions
• Shared heating & cooling across cellularised space
• Support functions limited to basic pantry area, generic meeting rooms and limited drop-in collaborative spaces • Minimal sustainability certifications, energy efficiency remains the main priority
• Paint to all walls
• Hard flooring to reception
• Alterations to less than 25% of ceiling
• Low specification finishes and carpet throughout
• Multiple data points to each desk position • Support functions include an expanded break-out area, a variety of meeting rooms and dispersed collaborative spaces • Good sustainability certifications, designs focus on energy, greenhouse gas, water, waste optimization
• Plasterboard ceiling to meeting rooms
• Vinyl flooring to cafeterias
• Feature wall finishes in reception
• Minimal alterations to air conditioning and ventilation
• Medium specification carpet and finishes • Low/medium quality acoustic attenuation & management
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How do we classify fit outs?
HIGH (ADVANCED)
Feature finishes to meeting rooms/offices
Meeting facilities to over 25% of space with double-glazed partitions
Dedicated heating & cooling across cellularised space
High specification carpet
Broad spectrum sustainability certifications
• Meeting facilities to over 25% of space with double-glazed partitions
• Support functions include multi-functional breakout area, a variety of meeting rooms, dispersed collaborative spaces augmented with specialist lifestyle elements such as a library, focus and relaxation zones • Client facing areas with hospitality look and feel • Broad spectrum of sustainability activities and top level certifications; health and wellness, employee productivity, reductions in embodied carbon add to standards expected in basic or medium standards
• Alterations to over 25% of ceiling
• Features & plasterboard ceiling to reception and offices
• Feature finishes to meeting rooms/offices
• High specification carpet
• Dedicated heating & cooling across cellularised space • Medium/high quality acoustic attenuation & management • Heavily tech-enabled spaces with frictionless audio-visual connectivity
WPP, SINGAPORE
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ASTRAZENECA, VIETNAM
Integrating ESG into Office Fit Outs
Cushman & Wakefield’s Sustainability & ESG team supports occupiers at every stage of this journey — helping translate ESG ambition into practical, cost-effective workplace outcomes.
The most effective workplaces are no longer defined by design alone, but by how they perform over time. Increasingly, occupiers are factoring ESG into how they select buildings, design workplaces, and manage long-term costs. What was once a compliance or reputational issue is now directly influencing occupier sustainability goals—such as net zero—and driving capital expenditure decisions. This impacts how occupiers locate, invest and operate space.
Matt Clifford Head of Sustainability & ESG, APAC matthew.clifford@cushwake.com
STEP 01
STEP 02
STEP 03
STEP 04
PRE DESIGN
DESIGN & DELIVERY
OPERATIONS
SITE SELECTION
Early decisions set the foundation for performance and cost efficiency.
Balancing cost and performance is critical during delivery.
Sustainable outcomes depend on how the space is used and managed.
Choosing the right building can significantly influence sustainability outcomes before a fit out even begins. • Prioritise high-performing buildings and collaborative landlords
• Define enterprise and site-specific ESG goals
• Evaluate long-term operational impacts vs upfront savings
• Ensure operational practices support design intent
• Identify priorities (e.g. energy, carbon, wellbeing)
• Leverage smart design, materials, and technology for efficiency
• Monitor and communicate whole-of- life costs
• Assess climate risk and long-term asset resilience
• Determine where to invest vs. where to optimise costs
• Avoid removing features that deliver lifecycle value
• Align workplace performance with 2030 ESG targets
• Consider access to renewable energy and associated costs
• Establish clear workplace and sustainability standards to guide design
• Focus investment on high-impact sustainability outcomes
• Continuously optimise energy, waste, and user experience
• Align site selection with your organisation’s ESG targets
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Asia Pacific Fit Out Costs by Market
USING THE GUIDE
Estimated costs provided herein are indicative of market averages based on certain assumptions. Exact costs for specific projects may differ to those presented here, and so we recommend engaging a Project & Development Services professional to advise on precise costings based on your unique construction requirements.
L-ACOUSTICS, SINGAPORE
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Cushman & Wakefield, Sydney, Australia
CUSHMAN & WAKEFIELD PERTH OFFICE, AUSTRALIA
Australia & New Zealand
“ALL-IN” FIT OUT COSTS
RETROFIT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
COLLABORATIVE HYBRID
CITY
BASIC HYBRID
ADVANCED HYBRID AVERAGE
ADELAIDE BRISBANE CANBERRA MELBOURNE
102
149
246
90
108
162
270
98
101
182
301
96
104
157
262
95
PERTH
86
149
248
90
SYDNEY
107
161
268
97
AUCKLAND
88
174
272
105
REINSTATEMENT COST(USD PER SQUARE FOOT)
CITY
LOW
AVERAGE
HIGH
ADELAIDE BRISBANE CANBERRA MELBOURNE
11
24
32
12
27
34
13
25
33
14
26
35
PERTH
11
24
32
AUSTRALIA Hutch Bykerk hutch.bykerk@cushwake.com
NEW ZEALAND Todd Hanrahan todd.hanrahan@cushwake.com
SYDNEY
16
26
35
AUCKLAND
18
29
39
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APAC Office Fit Out Cost Guide 2026
Cushman & Wakefield, Sydney, Australia
Greater China
“ALL-IN” FIT OUT COSTS
RETROFIT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
COLLABORATIVE HYBRID
CITY
BASIC HYBRID
ADVANCED HYBRID AVERAGE
BEIJING
65
95
150
38
GUANGZHOU
50
85
115
34
HONG KONG
103
160
256
64
SHANGHAI
70
96
164
42
SHENZHEN
52
87
120
35
TAIPEI
57
145
220
110
REINSTATEMENT COST (USD PER SQUARE FOOT)
CITY
LOW
AVERAGE
HIGH
BEIJING
6
10
15
GREATER CHINA - NORTH CHINA Meng Zhao meng.zhao@cushwake.com
GREATER CHINA - EAST CHINA Johnson Kong johnson.fb.kong@cushwake.com
GREATER CHINA - SOUTH CHINA Michael Wu michael.wu1@cushwake.com
GUANGZHOU HONG KONG
6
9
12
25
38
59
SHANGHAI SHENZHEN
7
10
15
GREATER CHINA - HONG KONG Ranee Ng ranee.ng@cushwake.com
GREATER CHINA - TAIWAN Gile Wei gile.wei@cushwake.com
6
9
12
TAIPEI
23
27
30
22
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APAC Office Fit Out Cost Guide 2026
Cushman & Wakefield, Sydney, Australia
APTIA, INDIA
India
RETROFIT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
COLLABORATIVE HYBRID
CITY
BASIC HYBRID
ADVANCED HYBRID AVERAGE
“ALL-IN” FIT OUT COSTS
AHMEDABAD BENGALURU
35
65
129
57
37
67
131
58
CHENNAI
35
65
125
55
DELHI
37
69
135
59
HYDERABAD
35
65
129
57
KOLKATA
35
65
125
55
MUMBAI
42
73
144
66
PUNE
35
65
129
57
REINSTATEMENT COST (USD PER SQUARE FOOT)
CITY
LOW
AVERAGE
HIGH
AHMEDABAD BENGALURU
5
9
13
6
9
13
CHENNAI
5
8
12
DELHI
6
9
13
HYDERABAD
6
9
13
KOLKATA
6
8
12
INDIA Shashi Bushan shashi.bushan@cushwake.com
MUMBAI
7
10
15
PUNE
5
9
13
24
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APAC Office Fit Out Cost Guide 2026
MORRISON FOERSTER, JAPAN
North Asia
RETROFIT COST (USD PER SQ FT)
“ALL-IN” FIT OUT COSTS
FIT OUT COST (USD PER SQ FT)
COLLABORATIVE HYBRID
CITY
BASIC HYBRID
ADVANCED HYBRID AVERAGE
NAGOYA
124
206
354
87
OSAKA
127
210
361
88
TOKYO
129
215
370
90
BUSAN
95
120
230
77
SEOUL
95
130
240
86
REINSTATEMENT COST (USD PER SQUARE FOOT)
CITY
LOW
AVERAGE
HIGH
NAGOYA
37
52
84
OSAKA
37
53
85
TOKYO
39
54
87
SOUTH KOREA Jaehong Lee jaehong.lee@cushwake.com
BUSAN
14
19
33
JAPAN Jun Matthews jun.matthews@cushwake.com
SEOUL
16
23
36
26
27
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APAC Office Fit Out Cost Guide 2026
MICROSOFT, THAILAND
Southeast Asia
RETROFIT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
“ALL-IN” FIT OUT COSTS
COLLABORATIVE HYBRID
CITY
BASIC HYBRID
ADVANCED HYBRID AVERAGE
JAKARTA
40
58
85
32
KUALA LUMPUR
60
80
120
53
MANILA
60
105
150
68
SINGAPORE
102
140
212
63
BANGKOK
57
91
160
71
HANOI
41
63
110
33
HO CHI MINH CITY
40
61
105
32
REINSTATEMENT COST (USD PER SQUARE FOOT)
CITY
LOW
AVERAGE
HIGH
JAKARTA
9
10
12
KUALA LUMPUR
6
10
14
MANILA
15
20
25
SINGAPORE
16
19
25
BANGKOK
9
12
16
HANOI
4
5
7
SINGAPORE Grant Carter grant.carter@cushwake.com
SOUTHEAST ASIA Riaz Khan riaz.khan1@cushwake.com
HO CHI MINH CITY
4
5
7
28
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APAC Office Fit Out Cost Guide 2026
APTIA PROJECT, INDIA
Average Costs At A Glance In USD/SQFT
Average Costs At A Glance In Local Metrics
REGION
CITY
FIT OUT RETROFIT REINSTATEMENT
REGION
CITY
METRIC FIT OUT
RETROFIT REINSTATEMENT
ADELAIDE
149
90
24
ADELAIDE
2,406
1,453
387
BRISBANE
162
98
27
BRISBANE
2,615
1,582
436
CANBERRA
182
96
25
CANBERRA
2,938
1,550
404
AUD/sqm
AUSTRALIA & NEW ZEALAND
MELBOURNE
157
95
26
MELBOURNE
2,535
1,534
420
AUSTRALIA & NEW ZEALAND
PERTH
149
90
24
PERTH
2,406
1,453
387
SYDNEY
161
97
26
SYDNEY
2,599
1,566
420
AUCKLAND
174
105
29
AUCKLAND
NZD/sqm
3,261
1,968
543
BEIJING
95
38
10
BEIJING
7,161
2,865
754
RMB/sqm
GUANGZHOU
85
34
9
GUANGZHOU
6,407
2,563
678
HONG KONG
160
64
38
HONG KONG
HKD/sqft
1,245
498
296
GREATER CHINA
GREATER CHINA
SHANGHAI
96
42
10
SHANGHAI
7,237
3,166
754
RMB/sqm
SHENZHEN
87
35
9
SHENZHEN
6,558
2,638
678
TAIPEI
145
110
27
TAIPEI
TWD/ping
161,621
122,609
30,095
AHMEDABAD
65
57
9
AHMEDABAD
5,847
5,125
789
BENGALURU
67
58
9
BENGALURU
6,027
5,228
789
CHENNAI
65
55
8
CHENNAI
5,847
4,945
756
DELHI
69
59
9
DELHI
6,207
5,305
807
INDIA
INDIA
INR/sqft
HYDERABAD
65
57
9
HYDERABAD
5,847
5,125
785
KOLKATA
65
55
8
KOLKATA
5,847
4,945
757
MUMBAI
73
66
10
MUMBAI
6,567
5,934
896
PUNE
65
57
9
PUNE
5,847
5,125
789
NAGOYA
206
87
52
NAGOYA
1,148,547
485,066
289,925
OSAKA
210
88
53
OSAKA
JPY/tsubo
1,170,849
490,642
295,500
NORTH ASIA
TOKYO
215
90
54
NORTH ASIA
TOKYO
1,198,726
501,792
301,075
BUSAN
120
77
19
BUSAN
1,862,875
1,195,345
294,955
KRW/sqm
SEOUL
130
86
23
SEOUL
2,018,115
1,335,061
357,051
JAKARTA
58
32
10
JAKARTA
IDR/sqm 10,425,601
5,665,775
1,797,517
KUALA LUMPUR
80
53
10
KUALA LUMPUR MYR/sqft
325
215
41
MANILA
PHP/sqm 66,562
43,107
12,678
MANILA
105
68
20
SOUTHEAST ASIA
SINGAPORE
SGD/sqft
180
81
24
SINGAPORE
140
63
19
SOUTHEAST ASIA
BANGKOK
THB/sqm 30,854
24,073
4,069
BANGKOK
91
71
12
HANOI
63
33
5
HANOI
17,854,724
9,352,475
1,417,042
VND/sqm
HO CHI MINH CITY
61
32
5
HO CHI MINH CITY
17,287,908
9,069,066
1,417,042
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APAC Office Fit Out Cost Guide 2026
Project & Development Services (PDS)
DESIGN & BUILD PROJECT MANAGEMENT COST MANAGEMENT CONSTRUCTION MANAGEMENT
TECHNICAL ADVISORY & DUE DILIGENCE REPORTING DEVELOPMENT & COMMERCIAL ADVISORY WORKPLACE STRATEGY DESIGN SUSTAINABILITY ADVISORY
Custodians of Capital Expenditure
Cushman & Wakefield is a trusted partner for occupiers and investors to manage their capital expenditure and project delivery in Asia Pacific. By seeing things differently, we anticipate market changes and are first to capitalise, ensuring clients and the business can be what’s next in their respective sectors. Leveraging our global networks and local experience, we prudently optimise capital expenditure and deliver integrated design, project and construction management services for our clients. We listen closely to our clients, fully understanding their projects’ goals and business needs while driving business results well beyond project delivery “on time and on budget”. Our interdisciplinary teams use data-driven, predictive analytics to provide strategic and forward-looking advice to guide our clients through the entire real estate decision-making process, unearthing innovative facility solutions critical for productivity and maximising return on investment.
MULTI-SERVICE CLIENTS GLOBAL OCCUPIER SERVICES
TECHNICAL ACCOUNT MANAGEMENT KEY ACCOUNTS PROGRAMME
WESTERN SYDNEY UNIVERSITY, INDONESIA
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Cushman & Wakefield
APAC Office Fit Out Cost Guide 2026
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Contact
RESEARCH
Dr Dominic Brown Head of International Research dominic.brown@cushwake.com
PROJECT & DEVELOPMENT SERVICES
ASIA PACIFIC Tom Gibson
James Normandale Senior Director Asia Pacific james.normandale@cushwake.com
Andrew Carmichael Senior Director Asia Pacific andrew.carmichael@cushwake.com
President, PDS, Sustainability and Data Centre Group, APAC & EMEA tom.gibson@cushwake.com
SOUTHEAST ASIA Riaz Khan riaz.khan1@cushwake.com INDONESIA Dick Bernadi dick.bernadi@cushwake.com MALAYSIA Adrian Choong adrian.choong@cushwake.com
SINGAPORE Grant Carter grant.carter@cushwake.com VIETNAM Hung Hyunh hung.huynh@cushwake.com
AUSTRALIA Hutch Bykerk hutch.bykerk@cushwake.com NEW ZEALAND Todd Hanrahan todd.hanrahan@cushwake.com JAPAN Jun Matthews jun.matthews@cushwake.com
GREATER CHINA - NORTH CHINA Meng Zhao meng.zhao@cushwake.com GREATER CHINA - HONG KONG Ranee Ng ranee.ng@cushwake.com
GREATER CHINA - EAST CHINA Johnson Kong johnson.fb.kong@cushwake.com
GREATER CHINA - SOUTH CHINA Michael Wu michael.wu1@cushwake.com
PHILIPPINES Cedric Bada cedric.bada@cushwake.com THAILAND Riaz Khan riaz.khan1@cushwake.com
GREATER CHINA - TAIWAN Gile Wei gile.wei@cushwake.com
SOUTH KOREA Jaehong Lee jaehong.lee@cushwake.com INDIA Shashi Bushan shashi.bushan@cushwake.com
AMERICAS Andy Jansen andy.jansen@cushwake.com
EMEA Nic Wilkinson nic.wilkinson@cushwake.com
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