APAC Office Fit Out Cost Guide 2023

ASIA PACIFIC OFFICE FIT OUT COST GUIDE 2023

FIT OUT COSTS BY MARKET APAC OFFICE

AUSTRALIA & NEW ZEALAND

Cushman & Wakefield Sydney Office

RETROFIT COST (USD PER SQ FT)

FIT OUT COST (USD PER SQ FT)

BASIC HYBRID

COLLABORATIVE HYBRID

ADVANCED HYBRID

CITY

AVERAGE

ADELAIDE

92

134

221

80

BRISBANE

93

139

232

84

CANBERRA

91

164

272

87

MELBOURNE

95

143

237

86

PERTH

78

134

222

80

SYDNEY

97

146

243

87

AUCKLAND

76

151

235

90

REINSTATEMENT COST (USD PER SQ FT)

CITY

LOW

AVERAGE

HIGH

ADELAIDE

8

12

22

BRISBANE

8

13

23

CANBERRA

9

13

23

MELBOURNE

9

13

24

PERTH

7

12

22

SYDNEY

9

14

24

AUCKLAND

9

13

19

“ALL-IN” FIT OUT COSTS

ADELAIDE ADELAIDE

19% 19%

11% 11%

32% 32%

20% 20%

18% 18%

Cushman & Wakefield Singapore Office

BRISBANE BRISBANE

22% 22%

11% 11%

31% 31%

20% 20%

17% 17%

CANBERRA CANBERRA

21% 21%

11% 11%

31% 31%

20% 20%

17% 17%

USING THE GUIDE

MELBOURNE MELBOURNE

23% 23%

10% 10%

32% 32%

19% 19%

16% 16%

PERTH PERTH

20% 20%

11% 11%

31% 31%

20% 20%

18% 18%

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.

SYDNEY SYDNEY

23% 23%

10% 10%

31% 31%

19% 19%

17% 17%

AUCKLAND AUCKLAND

18% 18%

13% 13%

32% 32%

21% 21%

16% 16%

0% 0%

20% 20%

40% 40%

60% 60%

80% 80%

100% 100%

FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES

16

17

Cushman & Wakefield