KEY HIGHLIGHTS
Japan’s dynamic business culture is evolving with the adoption of next-generation workspaces, as highlighted in this year’s report. The Fit Out Cost Guide provides a deeper understanding of costs for Tokyo, Osaka, and Nagoya, measured in Tsubo units.
- Japan's newly introduced overtime cap regulation for the construction industry, set to take effect in April 2025. With the aim to reduce total working hours by 20%, it is expected to extend the relocation period by a factor of 1.5 to 2.1.
- During the survey period, Japan’s overall construction cost index has risen by 8.0% y-o-y, far outpacing the corresponding CPI growth of 2.7% y-o-y.
- Osaka stands out for slightly higher construction cost growth. With more constrained labour conditions, the Osaka Expo—starting in April 2025 and costing around JPY 334 billion—resulted in a cost overrun of JPY 100 billion above the CapEx budget.
Most Expensive City in Japan for an Office Fit Out
| Cities | Cost |
|---|---|
| 01/ Nagoya | 1,047,298 JPY/tsubo |
| 02/ Osaka | 1,069,700 JPY/tsubo |
| 03/ Tokyo | 1,092,102 JPY/tsubo |
CONTRACTOR SENTIMENT SURVEY
Our Contractor Sentiment Survey gathered insights from contractors on sales activity and input costs over the past year, as well as their outlook for the next six months.
OUR SERVICES
At Cushman & Wakefield, we offer a range of services to help you plan and execute your office fit out project. Our team of experts can provide guidance on Project & Development Services, Global Occupier Services and Total Workplace Consulting. We have a strong reputation in the Asia Pacific region and are committed to helping our clients achieve their goals.
Project & Development Services
Global Occupier Services
Total Workplace
We support you throughout the entire workplace lifecycle, creating a workplace aligned to business objectives, enhancing organisational performance and engaging employees.
To learn more about our services or to request a consultation, please get in touch with us today.