Indian Cities Cheapest Fit-Out Markets in APAC

According to the Cushman & Wakefield Asia Pacific Office Fit-out Cost Guide 2020-2021 report, Mumbai and Delhi are the highest office fit out locations in India, but all the seven Indian cities make to the cheapest fit-out markets in Asia Pacific.

BY Realty Plus
Published - Saturday, 05 Dec, 2020

Indian Cities Cheapest Fit-Out Markets in APAC

According to the Cushman & Wakefield Asia Pacific Office Fit-out Cost Guide 2020-2021 report, Mumbai and Delhi are the highest office fit out locations in India, but all the seven Indian cities make to the cheapest fit-out markets in Asia Pacific. Cities in Japan and Australia continue to dominate the Top 10 list of most expensive office fit-out locations in Asia Pacific, according to Cushman & Wakefield’s 2020-2021 Asia Pacific Office Fit-out Cost Guide. Tokyo, Osaka, Nagoya and Sydney lead the rankings, with Melbourne climbing four spots to fifth this year. Asia Pacific is forecast to emerge from the downturn earlier than other regions across the globe and is well-positioned to return to strong economic growth by the end of 2020. From an office design perspective, the workplace will evolve from a regular office to a place for networking and with a social feel. We expect that while social distancing and a flexible work policy will reduce the number of seats in an office, there would also be a bigger focus on agile seating formats. However, conventional office formats in India are unlikely to change much except bring in better HSSE features and create socially distant seating arrangements. Greater emphasis on health & safety and contingency planning, with new design trends focused on “touchless technology” and collaborative space.