Asia Pacific Office Fit Out Cost Guide 2025 (Cushman & Wakefield)

Despite near-term economic and geopolitical uncertainty, Asia Pacific’s economy continues to adapt to fluctuating conditions, including easing inflation and modest interest rate cuts in response to the U.S. Federal Reserve’s cuts in 2024. Foreign exchange sensitivities continue to play a role in fit out costs. Interest rates, which have shown a modest decline in in U.S. dollar terms, have risen by 5% on average in local currencies throughout APAC. Regional office demand is expected to remain stable, though supply will likely exceed demand and push vacancy rates upwards.