Global office fit-out costs guide 2026
The global average fit-out cost for a moderate corporate office stands at $2,150 per square meter, but with significant variation across geographies.
North America remains the most expensive region at $3,200/sqm on average, driven by high labor costs, tariff impacts, and competitive market conditions.
Europe, Middle East and Africa follows at $2,300/sqm, with moderate increases across much of Europe and continued growth in the Middle East.
Latin America averages $1,800/sqm, while Asia Pacific remains the most cost-competitive region at $1,550/sqm, with broadly flat conditions due to competitive tendering — though inflation and labor pressures continue to affect specific markets.
Within these regional averages, individual city costs vary dramatically. The majority of the world's most expensive cities for fit-out remain in North America — New York City, San Francisco and Boston all command costs well above the global average — alongside established global hubs such as London, Singapore and Tokyo. At the other end of the spectrum, cities across India and parts of Southeast Asia offer significantly lower costs, making granular city-level benchmarking essential for any global portfolio capital plan
Further read on the JLL
