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Fit Out Cost Guide Fit Out Cost Guide

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Portugal Office Fit Out Cost Guide

Transform your office in Portugal with our Office Fit Out Cost Guide 2025. Embark on optimizing your workspace in cities like Lisbon and Porto today!

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KEY HIGHLIGHTS

The 2025 Office Fit Out Cost Guide encompasses 53 key cities across Europe, the Middle East and Africa, providing comprehensive insights into average costs for various fit out standards. Designed to assist occupiers in the early stages of defining their budgets for office fit outs, it serves as a valuable resource for informed decision-making.

Covering the Lisbon market in Portugal, the guide provides a detailed breakdown of fit out, retrofit and reinstatement costs.

Growth and Demand: The Greater Lisbon office market experienced a year-on-year increase of 97% in take-up and is expected that it will continue to grow over the course of 2025. This growth will be driven by increased demand for high-quality space that support hybrid working models and an increasingly focus on employee wellbeing. The hybrid work model is reshaping office layouts, with greater emphasis on collaborative areas and shared workstations, while companies are streamlining their office footprint, by minimising unutilised areas and implementing more efficient workplace strategies.

Fit Out Cost Guide

Country City Low Medium High
France Paris  € 966 euro/sqm  € 1,161 euro/sqm  € 2,303 euro/sqm
Italy Milan  € 800 euro/sqm  € 1,200 euro/sqm  € 1,550 euro/sqm
Italy Rome  € 800 euro/sqm  € 1,200 euro/sqm  € 1,550 euro/sqm
Portugal Lisbon  € 831 euro/sqm  € 1,127 euro/sqm  € 1,518 euro/sqm
Spain Barcelona  € 777 euro/sqm  € 1,138 euro/sqm  € 1,483 euro/sqm
Spain Madrid  € 739 euro/sqm  € 1,083 euro/sqm  € 1,409 euro/sqm


Reinstatement cost

Country City Low Medium High
France Paris  € 63 euro/sqm  € 114 euro/sqm  € 190 euro/sqm
Italy Milan  € 80 euro/sqm  € 130 euro/sqm  € 200 euro/sqm
Italy Rome  € 80 euro/sqm  € 130 euro/sqm  € 200 euro/sqm
Portugal Lisbon  € 109 euro/sqm  € 163 euro/sqm  € 212 euro/sqm
Spain Barcelona  € 110 euro/sqm  € 143 euro/sqm  € 175 euro/sqm
Spain Madrid  € 105 euro/sqm  € 137 euro/sqm  € 168 euro/sqm

CONTRACTOR SENTIMENT SURVEY

Our contractor sentiment survey gathered information from contractors on sales activity and input costs over the past year, as well as their forecasts for the next six months.

45%
indicated that the number of employees increased in 2024 compared to 2023
Americas: 64% | APAC: 66% | Global: 62%
55%
expects prices to increase in the next 6 months
Americas: 45% | APAC: 55% | Global: 53%
67%
expects an increase in overall labour costs in the next 6 months
Americas: 67% | APAC: 67% | Global: 68%
62%
expects an increase in material costs over the next 6 months
Americas: 79% | APAC: 69% | Global: 70%
46%
indicated that customers spent more on ESG in 2024 compared to 2023
Americas: 36% | APAC: 50% | Global: 46%

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CONTACTS

Carlos Pueyo
Carlos Pueyo

Head of Project & Development Services Iberia • Barcelona

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In this guide we provide you with a comprehensive office fit out cost breakdown.

Access the Guide External Link

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To learn more about our services or to request a consultation, please get in touch with us today.

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