2026 APAC FOCG - Ceros SAMPLE 1

Average Fit Out Costs In 33 Cities Across Asia Pacific

ADELAIDE

OSAKA

TOKYO

NAGOYA

CANBERRA

AUCKLAND

BRISBANE

SYDNEY

HONG KONG

MELBOURNE

PERTH

TAIPEI

SINGAPORE

SEOUL

BUSAN

MANILA

SHANGHAI

BEIJING

BANGKOK

SHENZHEN

GUANGZHOU

KUALA LUMPUR

MUMBAI

DELHI

BENGALURU

AHMEDABAD

CHENNAI

HYDERABAD

KOLKATA

PUNE

HANOI

HO CHI MINH CITY

JAKARTA

TOKYO

RANK 1REGION: NORTH ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 215 RETROFIT: 90 REINSTATEMENT: 54 IN LOCAL METRICSMETRICS: JPY/TsuboFIT OUT: 1,198,726 RETROFIT: 501,792 REINSTATEMENT: 301,075

OSAKA

RANK 2REGION: NORTH ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 210 RETROFIT: 88 REINSTATEMENT: 53 IN LOCAL METRICSMETRICS: JPY/tsuboFIT OUT: 1,170,849 RETROFIT: 490,642 REINSTATEMENT: 295,500

NAGOYA

RANK 3REGION: NORTH ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 206 RETROFIT: 87 REINSTATEMENT: 52 IN LOCAL METRICSMETRICS: JPY/tsuboFIT OUT: 1,148,547 RETROFIT: 485,066 REINSTATEMENT: 289,925

CANBERRA

RANK 4REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 182 RETROFIT: 96 REINSTATEMENT: 25 IN LOCAL METRICSMETRICS: AUD/sqmFIT OUT: 2,938 RETROFIT: 1,550 REINSTATEMENT: 404

AUCKLAND

RANK 5REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 174 RETROFIT: 105 REINSTATEMENT: 29 IN LOCAL METRICSMETRICS: NZD/sqmFIT OUT: 3,261 RETROFIT: 1,968 REINSTATEMENT: 543

BRISBANE

RANK 6REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 162 RETROFIT: 98 REINSTATEMENT: 27 IN LOCAL METRICSMETRICS: AUD/sqmFIT OUT: 2,615 RETROFIT: 1,582 REINSTATEMENT: 436

SYDNEY

RANK 7REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 161 RETROFIT: 97 REINSTATEMENT: 26 IN LOCAL METRICSMETRICS: AUD/sqmFIT OUT: 2,599 RETROFIT: 1,566 REINSTATEMENT: 420

HONG KONG

RANK 8REGION: GREATER CHINA AVERAGE COST (USD PER SQFT)FIT OUT: 160 RETROFIT: 64 REINSTATEMENT: 38 IN LOCAL METRICSMETRICS: HKD/sqftFIT OUT: 1,245 RETROFIT: 498 REINSTATEMENT: 296

MELBOURNE

RANK 9REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 157 RETROFIT: 95 REINSTATEMENT: 26 IN LOCAL METRICSMETRICS: AUD/sqmFIT OUT: 2,535 RETROFIT: 1,534 REINSTATEMENT: 420

ADELAIDE

RANK 10REGION: AUSTRALIA & NEW ZEALAND AVERAGE COST (USD PER SQFT)FIT OUT: 149 RETROFIT: 90 REINSTATEMENT: 24 IN LOCAL METRICSMETRICS: AUS/sqmFIT OUT: 2,406 RETROFIT: 1,453 REINSTATEMENT: 387

PERTH

RANK 10=REGION: AUSTRALIA & NEW ZEALANDAVERAGE COST (USD PER SQFT)FIT OUT: 149 RETROFIT: 90 REINSTATEMENT: 24 IN LOCAL METRICSMETRICS: AUD/sqmFIT OUT: 2,406 RETROFIT: 1,453 REINSTATEMENT: 387

TAIPEI

RANK 12REGION: GREATER CHINA AVERAGE COST (USD PER SQFT)FIT OUT: 145 RETROFIT: 110 REINSTATEMENT: 27 IN LOCAL METRICSMETRICS: TWD/pingFIT OUT: 161,621 RETROFIT: 122,609 REINSTATEMENT: 30,095

SINGAPORE

RANK 13REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 140 RETROFIT: 63 REINSTATEMENT: 19 IN LOCAL METRICSMETRICS: SGD/sqftFIT OUT: 180 RETROFIT: 81 REINSTATEMENT: 24

SEOUL

RANK 14REGION: NORTH ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 130 RETROFIT: 86 REINSTATEMENT: 23 IN LOCAL METRICSMETRICS: KRW/sqmFIT OUT: 2,018,115 RETROFIT: 1,335,061 REINSTATEMENT: 357,051

BUSAN

RANK 15REGION: NORTH ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 120 RETROFIT: 77 REINSTATEMENT: 19 IN LOCAL METRICSMETRICS: KRW/sqmFIT OUT: 1,862,875 RETROFIT: 1,195,345 REINSTATEMENT: 294,955

MANILA

RANK 16REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 105 RETROFIT: 68 REINSTATEMENT: 20 IN LOCAL METRICSMETRICS: PHP/sqmFIT OUT: 66,562 RETROFIT: 43,107 REINSTATEMENT: 12,678

SHANGHAI

RANK 17REGION: GREATER CHINA AVERAGE COST (USD PER SQFT)FIT OUT: 96 RETROFIT: 42 REINSTATEMENT: 10 IN LOCAL METRICSMETRICS: RMB/sqmFIT OUT: 7,237 RETROFIT: 3,166 REINSTATEMENT: 754

BEIJING

RANK 18REGION: GREATER CHINAAVERAGE COST (USD PER SQFT)FIT OUT: 95 RETROFIT: 38 REINSTATEMENT: 10 IN LOCAL METRICSMETRICS: RMB/sqmFIT OUT: 7,161 RETROFIT: 2,865 REINSTATEMENT: 754

BANGKOK

RANK 19REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 91 RETROFIT: 71 REINSTATEMENT: 12 IN LOCAL METRICSMETRICS: THB/sqmFIT OUT: 30,854 RETROFIT: 24,073 REINSTATEMENT: 4,069

SHENZHEN

RANK 20REGION: GREATER CHINA AVERAGE COST (USD PER SQFT)FIT OUT: 87 RETROFIT: 35 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: RMB/sqmFIT OUT: 6,558 RETROFIT: 2,638 REINSTATEMENT: 678

GUANGZHOU

RANK 21REGION: GREATER CHINA AVERAGE COST (USD PER SQFT)FIT OUT: 85 RETROFIT: 34 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: RMB/sqmFIT OUT: 6,407 RETROFIT: 2,563 REINSTATEMENT: 678

KUALA LUMPUR

RANK 22REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 80 RETROFIT: 53 REINSTATEMENT: 10 IN LOCAL METRICSMETRICS: MYR/sqftFIT OUT: 325 RETROFIT: 215 REINSTATEMENT: 41

MUMBAI

RANK 23REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 73 RETROFIT: 66 REINSTATEMENT: 10 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 6,567 RETROFIT: 5,934 REINSTATEMENT: 896

DELHI

RANK 24REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 69 RETROFIT: 59 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 6,027 RETROFIT: 5,305 REINSTATEMENT: 807

BENGALURU

RANK 25REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 67 RETROFIT: 58 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 6,027 RETROFIT: 5,228 REINSTATEMENT: 789

AHMEDABAD

RANK 26=REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 65 RETROFIT: 57 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 5,847 RETROFIT: 5,125 REINSTATEMENT: 789

CHENNAI

RANK 26=REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 65 RETROFIT: 55 REINSTATEMENT: 8 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 5,847 RETROFIT: 4,945 REINSTATEMENT: 756

HYDERABAD

RANK 26=REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 65 RETROFIT: 57 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 5,847 RETROFIT: 5,125 REINSTATEMENT: 785

KOLKATA

RANK 26=REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 65 RETROFIT: 55 REINSTATEMENT: 8 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 5,847 RETROFIT: 4,945 REINSTATEMENT: 757

PUNE

RANK 26=REGION: INDIA AVERAGE COST (USD PER SQFT)FIT OUT: 65 RETROFIT: 57 REINSTATEMENT: 9 IN LOCAL METRICSMETRICS: INR/sqftFIT OUT: 5,847 RETROFIT: 5,125 REINSTATEMENT: 789

HANOI

RANK 31REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 63 RETROFIT: 33 REINSTATEMENT: 5 IN LOCAL METRICSMETRICS: VND/sqmFIT OUT: 17,854,724 RETROFIT: 9,352,475 REINSTATEMENT: 1,417,042

HO CHI MINH CITY

RANK 32REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 61 RETROFIT: 32 REINSTATEMENT: 5 IN LOCAL METRICSMETRICS: VND/sqmFIT OUT: 17,287,908 RETROFIT: 9,069,066 REINSTATEMENT: 1,417,042

JAKARTA

RANK 33REGION: SOUTHEAST ASIA AVERAGE COST (USD PER SQFT)FIT OUT: 58 RETROFIT: 32 REINSTATEMENT: 10 IN LOCAL METRICSMETRICS: IDR/sqmFIT OUT: 10,425,601 RETROFIT: 5,665,775 REINSTATEMENT: 1,797,517

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Average Costs At A Glance In USD/SQFT

Average Costs At A Glance In Local Metrics

Australia & New Zealand

Greater China

India

North Asia

Southeast Asia

Asia Pacific Fit Out Costs by Market

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Australia & New Zealand

“ALL-IN” FIT OUT COSTS

Todd Hanrahantodd.hanrahan@cushwake.com

NEW ZEALAND

Hutch Bykerkhutch.bykerk@cushwake.com

AUSTRALIA

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Greater China

“ALL-IN” FIT OUT COSTS

GREATER CHINA - NORTH CHINA

Meng Zhao meng.zhao@cushwake.com

Johnson Kong johnson.fb.kong@cushwake.com

GREATER CHINA - EAST CHINA

Michael Wu michael.wu1@cushwake.com

GREATER CHINA - SOUTH CHINA

Ranee Ng ranee.ng@cushwake.com

GREATER CHINA - HONG KONG

GREATER CHINA - TAIWAN

Gile Wei gile.wei@cushwake.com

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India

Shashi Bushan shashi.bushan@cushwake.com

INDIA

“ALL-IN” FIT OUT COSTS

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North Asia

Jaehong Leejaehong.lee@cushwake.com

SOUTH KOREA

Jun Matthewsjun.matthews@cushwake.com

JAPAN

“ALL-IN” FIT OUT COSTS

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Southeast Asia

Zeina Hennizeina.henni@cushwake.com

SINGAPORE

Riaz Khanriaz.khan1@cushwake.com

SOUTHEAST ASIA

“ALL-IN” FIT OUT COSTS

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