Office Fit Out Cost Guides

2026 Americas Guide Highlights 

The Americas Office Fit Out Cost Guide evaluates construction pricing across 58 markets, offering current benchmarks for both new buildouts and adaptive reuse scenarios. 

In 2026, moderating inflation and improving supply chains have eased some pressures, but skilled labor shortages and rising material costs continue to drive project budgets upward. Contractors across the region still expect both labor and material prices to rise over the next six months, keeping overall cost pressures elevated. 

Key cost guide findings include: 

• Fit out costs averaged $149 psf, up 5.5%, with the largest increases in Brazil, Colombia and Argentina. 
• The U.S. recorded a 5% annual rise, led by sharp escalations in the Northeast, Boston and Los Angeles. 
• San Francisco, San Jose and Seattle remain the most expensive markets, driven by high labor costs, seismic standards and strict building codes. 
• Electrical work continues to dominate overall project costs, while contractors report labor shortages and tariffdriven pressures, often absorbing cost increases due to competition. 

2026 EMEA Guide Highlights 

Following a year of complex geopolitical dynamics and uneven economic performance, the EMEA Fit Out Cost Guide analyzes average fit out and reinstatement costs across 53 markets in Europe, the Middle East and Africa. 

Despite headwinds, overall pricing in the region has remained relatively stable YOY, with wage growth, rather than materials, emerging as the primary cost driver. Contractor sentiment has strengthened, supported by easing supply chain disruptions and greater confidence in upcoming activity. 

Highlights from the 2026 EMEA analysis include:

• “Allin” fit out costs rose 3.8% in 2025 with only modest growth expected in 2026, while project backlogs remain manageable at roughly five to six months.  
• Grade A demand continues to strengthen the region’s flight to quality, even as construction pipelines shrink to a fiveyear low and competition for premium space intensifies.  
• Pricing pressures vary across markets, with Southern Europe and CEE seeing the strongest increases, contrasted by more moderate expectations in Germany and parts of Western Europe. 

2026 APAC Guide Highlights

Despite tariff impacts and continued macroeconomic volatility, Asia Pacific’s construction and office markets have demonstrated resilience. Regional inflation remains comparatively subdued, and many central banks continue adopting accommodative monetary policies. Fit out costs across APAC increased modestly in both U.S. dollar and local currency terms, though variations between markets remain pronounced. 

Key insights from the APAC guide include: 

• APAC’s 33-city coverage shows Japan and Australia as the highest-cost markets, with India remaining among the most cost-efficient. 
• Strong demand in India continues to support regional absorption, even as new supply in the rest of APAC declines due to elevated construction costs. 
• Pricing stability is improving, with nearly 70% of contractors expecting only slight labor or material cost increases in the next six months. 
• Cost drivers vary: labor pressures dominate in Australia, Indonesia and Vietnam, while raw materials are more influential in Greater China, South Korea and Japan; project backlogs and lead times are stabilizing overall, though still longer in Japan and parts of Southeast Asia.