EMEA Fit-Out Cost Guide 2022/23
What are the macro factors affecting fit-out costs, and what is the cost of doing nothing?
- Victoria Shreeves
- David Rea
The JLL x Tétris EMEA Fit-Out Cost Guide acts as an index for the cost of fitting out office space in 25 diverse EMEA markets, offering a holistic picture of how fit-out decisions can affect your bottom line.
Office designs are evolving, and new priorities will have a significant impact on costs. Flexibility and choice will be key elements of future workspaces, as will prioritising technology, health and wellness in the office environment and the environmental sustainability of the space. These are big themes with broad implications across the future of office real estate for decades to come. This report is not designed to answer all of them. Instead, we focus on one critical piece - What will it cost?
In light of these changes, we have updated the specific ‘priced scheme’ for this report and provided data based on JLL’s new London office – 20 Water Street in Canary Wharf. The office sets a new standard in what a sustainable, diverse and inclusive workplace of the future looks and feels like.
By taking into account local practices and pricing an actual project in a consistent way, this guide provides directly comparable costs by benchmarking a leading corporate standard of fit-out. We appreciate your project may have different goals and a pricing matrix across nine price points has been provided for ease of reference.
The newly released 2022/23 guide provides you with valuable guidance and the most up to date fit-out costs to help you prepare as you plan your capital spend for 2023 and beyond. We encourage you to please contact us if we can support you with insights, market information, or any other aspects of fit-out advice.