APAC Office Fit Out Cost Guide
ASIA PACIFIC OFFICE FIT OUT COST GUIDE 2024
NORTH ASIA
SOUTHEAST ASIA
BRISTOL MYERS SQUIBB, TOKYO, JAPAN
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 80 96
102 120 148 210 147
32 53 63 57 60 33 32
NAGOYA
121
191
301
80
KUALA LUMPUR
60 75 90 54
OSAKA
123
195
308
82
MANILA
SINGAPORE BANGKOK
140
TOKYO
126
199
314
84
85 63
BUSAN
95
143
236
75
HANOI
41
96 90
SEOUL
95
156
240
84
HO CHI MINH CITY
40
61
REINSTATEMENT COST (USD PER SQ FT)
REINSTATEMENT COST (USD PER SQ FT)
CITY
LOW
AVERAGE
HIGH
CITY
LOW
AVERAGE
HIGH
JAKARTA
7 6
8
10 14 25 24
NAGOYA
34
48
74
KUALA LUMPUR
10
OSAKA
35
49
76
MANILA
15 14
20
TOKYO
36
50
77
SINGAPORE BANGKOK
17
8 4 4
11 5 5
15
BUSAN
14
19
33
HANOI
7 7
SEOUL
16
23
36
HO CHI MINH CITY
“ALL-IN” FIT OUT COSTS
“ALL-IN” FIT OUT COSTS
JAKARTA
27%
18%
34%
11%
10%
NAGOYA
16%
20%
36%
16%
12%
KUALA LUMPUR
15%
24%
32%
19%
10%
OSAKA
14%
21%
37%
16%
12%
MANILA
14%
28%
28%
20%
10%
TOKYO
12%
22%
38%
16%
12%
SINGAPORE
15%
30%
33%
12%
10%
BANGKOK
20%
25%
30%
15%
10%
BUSAN
14%
24%
40%
12%
10%
HANOI
26%
21%
37%
7%
9%
SEOUL
16%
24%
33%
17%
10%
HCMC
26%
21%
37%
7%
9%
0%
20%
40%
60%
80%
100%
0%
20%
40%
60%
80%
100%
FURNITURE
M&E WORKS
CONSTRUCTION WORKS
AV/IT
PROFESSIONAL FEES
FURNITURE
M&E WORKS
CONSTRUCTION WORKS
AV/IT
PROFESSIONAL FEES
Grant Carter grant.carter@cushwake.com SINGAPORE
Riaz Khan riaz.khan1@cushwake.com SOUTHEAST ASIA
Yasushi Otomo yasushi.otomo@cushwake.com JAPAN
Jaehong Lee jaehong.lee@cushwake.com SOUTH KOREA
Poonish Viramuthu poonish.puveneswaran@cushwake.com MALAYSIA
Dwitje Wangsadiputra dwitje.wangsadiputra@cushwake.com INDONESIA
Haidee Lim haidee.lim@cushwake.com PHILIPPINES
Hung Huynh hung.huynh@cushwake.com VIETNAM
20
21
Cushman & Wakefield
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