APAC Office Fit Out Cost Guide 2023
ASIA PACIFIC OFFICE FIT OUT COST GUIDE 2023
NORTH ASIA
SOUTHEAST ASIA
Cushman & Wakefield Seoul Office
Cushman & Wakefield Manila 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
CITY
AVERAGE
AVERAGE
JAKARTA
51
72
102
32
NAGOYA
121
192
289
81
KUALA LUMPUR
63
83
137
53
OSAKA
124
196
295
83
MANILA
70
92
146
58
TOKYO
126
201
298
84
SINGAPORE
86
134
205
55
BANGKOK
54
85
147
60
BUSAN
85
143
227
70
HANOI
43
65
96
32
SEOUL
85
156
236
80
HO CHI MINH CITY
41
63
94
30
REINSTATEMENT COST (USD PER SQ FT)
REINSTATEMENT COST (USD PER SQ FT)
CITY
LOW
AVERAGE
HIGH
CITY
LOW
AVERAGE
HIGH
JAKARTA
7
8
10
NAGOYA
36
51
75
KUALA LUMPUR
8
12
14
OSAKA
37
52
76
MANILA
10
15
20
TOKYO
38
53
78
SINGAPORE
13
17
23
BANGKOK
8
11
15
BUSAN
14
19
33
HANOI
4
5
7
SEOUL
16
21
33
HO CHI MINH CITY
3
4
6
“ALL-IN” FIT OUT COSTS
“ALL-IN” FIT OUT COSTS
JAKARTA
27%
18%
34%
11%
10%
NAGOYA
ADEL IDE
ADELAIDE
12%
14%
38% 32
20%
16%
18%
20%
11%
19%
18%
20%
32%
11%
19%
KUALA LUMPUR BRISBANE
15%
24%
32%
19%
10%
BRISBANE
17%
20%
31%
11%
22%
17%
20%
31%
11%
22%
OSAKA
12%
14%
39%
21%
14%
MANILA
15%
28%
32%
15%
10%
CANBERRA
CANBERRA
17%
20%
31%
11%
21%
17%
20%
31%
11%
21%
TOKYO MELBOURNE
SINGAPORE
12%
14%
40%
22%
12%
14%
29%
35%
12%
10%
MELBOURNE
16%
19%
32%
10%
23%
16%
19%
32%
10%
23%
BANGKOK PERTH
20%
25%
30%
15%
10%
PERTH
18%
20%
31%
11%
20%
18%
20%
31%
11%
20%
BUSAN
13%
13%
34%
23%
17%
HANOI
26%
19%
35%
10%
10%
SYDNEY
SYDNEY
17%
19%
31%
10%
23%
17%
19%
31%
10%
23%
SEOUL
14%
13%
33%
24%
16%
HCMC
26%
19%
35%
10%
10%
AUCKLAND
AUCKLAND
16%
21%
32%
13%
18%
16%
21%
32%
13%
18%
0%
20%
40%
60%
80%
100% 100%
0%
20%
40%
60%
80%
100% 100%
0%
20%
40%
60%
80%
0%
20%
40%
60%
80%
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
20
21
Cushman & Wakefield
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