CBRE’s 2022-23 Global Fit-Out Cost Guide is the industry’s most comprehensive analysis of the cost of building out office space around the world. This year’s edition focuses on changes in work models and challenges caused by the pandemic, climate change and heightened economic uncertainty. The report provides relevant and wide-ranging insights into global market trends, with regional data from APAC, EMEA, North America and Latin America.
Key takeaways:
• As the pandemic wanes, companies are assessing which work styles best suit their needs and designing and building out office space to foster collaboration.
• Project lead times and duration to complete certain tasks can vary significantly from one country to another. This can often impact the viability of a project and influence the decision to undertake it.
• A host of other factors will also influence project costs, including occupier requirements, a country’s approach to reinstatement, capital allowances and local economic and market conditions.