Office occupiers facing a 10% increase in fit-out rental costs, study finds
The international real estate advisor Savills added that rising costs are slowing down development and refurbishment activity, creating ‘shortages of prime, sustainable office spaces, which is helping to drive the emergence of a green rental premium’
Fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers, according to Savills’ latest Prime Office Costs (SPOC) analysis for Q3 2022.
You'll need to subscribe to unlock this content. Already subscribed? Login?