This guide enables office occupiers to make better, more informed, real estate decisions by providing cost transparency across different office styles, build quality levels, and geographic markets. It is a useful tool to show what to expect to pay for a typical office in a specific city, and how fit-out-decisions can affect the bottom line.
The data is sourced from 31 JLL offices across Asia Pacific. Actual unit rates from recently completed projects were provided for each of the typical trades that go into an office fit-out. As such, we were able to accurately benchmark and compare costs within the region.
Progressive, Moderate and Traditional refer to how space is used in an office.
A Progressive layout is all open plan (except for meeting rooms) and features different types of seating for employees dependent on the task they wish to perform. This could be traditional workstation benches, sit stand desks, high benches for drop in remote workers and break out areas for teams to collaborate.
A Moderate layout is in the middle, and typically adopted by a firm transitioning between a traditional and progressive type of layout.
A Traditional office means that a lot of the floorplate is given over to individual offices. This is typical for firms that have a higher emphasis on privacy.
Our data is not an aggregate of projects, but rather actual data from our offices which we then applied to a standard project specifically. This means we created a regional index to know how the costs in one market compared to another.
In addition to that, we have a very strong regional presence with 30 cities across Asia Pacific.