Global Office Fit Out Cost Guide 2024

OFFICE FIT OUT COST GUIDE 2024

FORECAST REAL GDP GROWTH (AVERAGE ANNUAL PERCENT)

United States

Euro area

U.K.

Asia Pacific

2023

2.5%

0.5%

0.3%

4.3%

2024

-0.3%

0.9%

0.3%

3.5%

2025

1.1%

1.5%

0.9%

3.4%

Source: Moody’s Analytics; Cushman & Wakefield Upside and downside risks to this outlook abound. Support for stronger growth can be found in tight labour markets, which have been fundamental to the resilience shown to date. In contrast, geo-political tensions continue, which have placed further stress on supply chains, complicated economic policy and driven more cautious risk appetites.

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