APAC Office Fit Out Cost Guide 2023
ASIA PACIFIC OFFICE FIT OUT COST GUIDE 2023
GREATER CHINA
INDIA
Cushman & Wakefield Hong Kong Office
Cushman & Wakefield Gurgaon Office
RETROFIT COST (USD PER SQ FT)
RETROFIT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
FIT OUT COST (USD PER SQ FT)
BASIC HYBRID
COLLABORATIVE HYBRID
ADVANCED HYBRID
BASIC HYBRID
COLLABORATIVE HYBRID
ADVANCED HYBRID
CITY
AVERAGE
CITY
AVERAGE
BENGALURU
33
60
119
53
BEIJING
80
120
195
40
CHENNAI
34
58
115
51
GUANGZHOU
71
115
180
40
DELHI
36
64
127
56
HONG KONG
89
140
224
65
HYDERABAD
34
61
121
54
SHANGHAI
75
114
182
40
KOLKATA
33
60
117
52
SHENZHEN
71
119
180
40
MUMBAI
40
68
134
62
TAIPEI
73
116
192
65
PUNE
33
60
119
52
REINSTATEMENT COST (USD PER SQ FT)
REINSTATEMENT COST (USD PER SQ FT)
CITY
LOW
AVERAGE
HIGH
CITY
LOW
AVERAGE
HIGH
BENGALURU
6
8
12
BEIJING
8
12
16
CHENNAI
5
8
12
GUANGZHOU
6
10
14
DELHI
6
8
12
HONG KONG
27
38
59
HYDERABAD
5
8
12
SHANGHAI
6
11
15
KOLKATA
5
8
12
SHENZHEN
8
10
14
MUMBAI
7
9
14
TAIPEI
12
17
21
PUNE
5
8
12
“ALL-IN” FIT OUT COSTS
“ALL-IN” FIT OUT COSTS
BENGALURU ADELAIDE
17% 18%
33%
21%
18%
11%
BEIJING ADELAIDE
10%
15%
32%
30%
13%
18%
20%
32%
11%
19%
20%
32%
11%
19%
CHENNAI BRISBANE
15%
33%
21%
20%
11%
GUANGZHOU BRISBANE
15% 17%
20%
31%
11%
22%
17%
20%
31%
11%
22%
9%
15%
31%
30%
DELHI CANBERRA
16% 17%
32%
21%
19%
12%
HONG KONG CANBERRA
17%
20%
31%
11%
21%
20%
31%
11%
21%
10%
15%
33%
29%
13%
HYDERABAD MELBOURNE
17%
32%
20%
19%
12%
MELBOURNE
14% 16%
19%
32%
10%
23%
16%
19%
32%
10%
23%
SHANGHAI
10%
15%
31%
30%
KOLKATA PERTH
17% 18%
32%
20%
19%
12%
PERTH
18%
20%
31%
11%
20%
20%
31%
11%
20%
SHENZHEN
9%
15%
31%
30%
15% 17%
MUMBAI SYDNEY
15%
36%
19%
18%
12%
SYDNEY
19%
31%
10%
23%
17%
19%
31%
10%
23%
TAIPEI AUCKLAND
7%
16%
35%
30%
12%
PUNE AUCKLAND
14%
34%
21%
19%
12%
16%
21%
32%
13%
18%
16%
21%
32%
13%
18%
0%
20%
40%
60%
80% 80%
100% 100%
0% 0%
20% 20%
40% 40%
60% 60%
80% 80%
100% 100%
0%
20%
40%
60%
FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES
FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES FURNITURE M&E WORKS CONSTRUCTION WORKS AV/IT PROFESSIONAL FEES
18
19
Cushman & Wakefield
Made with FlippingBook. PDF to flipbook with ease