23037_PDS Office Fit-out Guide_v4

EMEA OFFICE FIT OUT COST GUIDE 2023

SOUTHERN

UK&I

BRISTOL MYERS SQUIBB FIT OUT, SPAIN, DELIVERED BY CUSHMAN & WAKEFIELD PDS

PERNOD RICARD FIT OUT, 7 CHISWICK PARK, LONDON W4, DELIVERED BY CUSHMAN & WAKEFIELD PDS

FIT OUT COST (EUR/SQM)

FIT OUT COST (EUR/SQM)

COUNTRY

CITY

COUNTRY

CITY

LOW MEDIUM

HIGH

LOW MEDIUM

HIGH

IRELAND

DUBLIN

1,350

2,000

2,750

MILAN

700

1,100

1,400

ITALY

BIRMINGHAM

1,159

1,972

2,989

ROME

700

1,100

1,400

PORTUGAL

LISBON

853

1,138

1,593

GLASGOW

1,099

1,870

2,835

UK

BARCELONA

747

1,035

1,610

LONDON

1,469

2,500

3,790

SPAIN

MADRID

747

1,035

1,610

MANCHESTER

1,231

2,094

3,174

REINSTATEMENT COST (EUR/SQM)

REINSTATEMENT COST (EUR/SQM)

COUNTRY

CITY

COUNTRY

CITY

LOW MEDIUM

HIGH

LOW MEDIUM

HIGH

IRELAND

DUBLIN

55

85

100

MILAN

70

120

180

ITALY

BIRMINGHAM

85

158

231

ROME

70

120

180

PORTUGAL

LISBON

106

159

212

GLASGOW

85

158

219

UK

BARCELONA

103

132

161

LONDON

121

206

304

SPAIN

MADRID

103

132

161

MANCHESTER

97

170

255

“ALL-IN” FIT OUT COSTS

“ALL-IN” FIT OUT COSTS

20% 30% 40% 50% 60% 70% 80% 90% 100%

20% 30% 40% 50% 60% 70% 80% 90% 100%

11 %

11 %

11 %

11 %

10 %

10 %

10 %

10 %

10 %

15 %

8 %

8 %

13 %

13 %

13 %

13 %

12 %

12 %

15 %

10 %

64 %

57 %

57 %

57 %

57 %

58 %

58 %

66 %

60 %

60 %

19 %

19 %

19 %

19 %

20 %

20 %

0% 10%

15 %

16 %

18 %

0% 10%

15 %

DUBLIN

BIRMINGHAM

GLASGOW

LONDON

MANCHESTER

MILAN

ROME

LISBON

BARCELONA

MADRID

FURNITURE

FIT OUT

AV/IT

PROFESSIONAL SERVICES

FURNITURE

FIT OUT

AV/IT

PROFESSIONAL SERVICES

22

23

Cushman & Wakefield