What is an office fit out? | Office fit out versus office refurbishment: what's the difference? | What are the benefits of an office fit out? | What are the factors impacting office fit out costs? | Commercial office fit out costs per square meter | Maximizing your budget: understanding typical office fit out costs | Average office fit out costs by city | Our Services | Why choose us? | Contact us
Office Fit Out 2024 Highlights
Cushman & Wakefield's EMEA Office Fit Out Cost Guide is the quintessential resource for comprehensive office renovation cost analyses across EMEA. Developed by our experienced Project & Development Services (PDS) team, this guide facilitates detailed capital planning and budgeting for a range of fit out designs, from traditional to the forefront of sustainability and innovation.
Explore our detailed guide, showcasing office fit out costs that align with the country’s leadership in sustainable design and innovative business practices. Whether your vision includes a green workspace in Stockholm or a tech-forward office in Gothenburg, our guide offers essential budgeting insights and updates on the evolving trends in office design.
This year's Office Fit Out Cost Guide includes:
- Vital considerations for state-of-the-art office fit outs, focusing on the integration of innovative technologies, designs supporting neurodiversity, engagement strategies for employees, and insights into adapting to the modern labor market.
- Detailed analyses of costs for key fit out components, such as eco-friendly materials, state-of-the-art lighting systems, and efficient mechanical services, providing companies with the necessary data for informed financial planning.
- Average retrofitting and reinstatement expenses, offering a key perspective on the investment needed for cutting-edge office renovation projects.
What is an office fit out?
An office fit out is the process of designing and constructing an office space to meet an occupier’s specific needs. This can include everything from furniture and equipment to mechanical and electrical systems. An effective office refit can improve productivity, employee morale, and help create a positive brand image. Whether you are relocating to a new office or looking to refresh your existing space, our guide can help you understand the costs involved in creating your ideal workplace.
Office fit out versus office
refurbishment: what’s the difference?
An office refurbishment is an office refresh project that is often less intensive than an office fit out. It may include changing a layout, completing a renovation, putting in new furniture or replacing flooring. Often, a refurbishment can occur while the office is in use.
What are the benefits of an office fit out?
A well-designed office fit out can have a significant impact on your business. It can help you attract and retain top talent, improve efficiency, and create a positive work environment. Investing in an office fit out is an investment in the future of your business.
What are the factors impacting office fit out costs?
Several factors can influence office renovation costs, including:
Size/Type of Office Space
The size and type of space you are fitting out, such as an open plan or traditional office, can greatly impact the cost.
Level of Customization
- Quality of finishes: The quality of finishes, such as flooring and wall coverings, can significantly impact office renovation costs.
- Complexity of design: The more complex the design—such as intricate lighting or customized furniture—the higher the cost.
- Sustainability requirements: Green building standards or sustainability requirements may increase the cost but offer long-term savings in energy usage and maintenance costs for sustainable office fit outs.
- Mechanical and electrical services: The need for additional mechanical and electrical services, such as air conditioning or data cabling, can increase the overall costs.
Location of the Office
The cost of materials, labor, and regulations can vary greatly by location.
Fees, Timelines and Contingencies
- Project management and professional fees: Professional fees, such as architect and project management fees, can be a significant portion of the total office renovation costs.
- Timeline and delivery requirements: Tight timelines or delivery requirements can add costs for expedited or overtime labor.
- Contingencies: Contingency costs are an essential part of any budget to account for unforeseen expenses or changes during the project.
Commercial office fit out costs per square meter
Sweden, particularly Stockholm, reveals average fit out costs that reflect its leadership in sustainability and modern design. Medium-quality fit outs in Stockholm average €1,824 per sqm, indicative of a market that values environmentally friendly design principles alongside modern functionality.
Consulting with our Project & Development Services experts is advised to personalize fit out costs to your specific needs, ensuring your workspace not only meets Sweden's high standards for design and sustainability but also the practical demands of today's workforce. The Office Fit Out Cost Guide provides a thorough overview of fit out costs, from general finishes to mechanical and plumbing fire protection, catering to the specific needs of the Swedish market.
Looking to delve deeper?
Request a fit out consultation and let our experts tailor solutions for your space.
For a deeper dive into how these insights can be tailored to your unique space, our team is ready to guide you through every step.
Let’s create a workspace that meets today’s needs and anticipates tomorrow's.
Maximizing your budget: understanding typical office fit out costs
Are you planning an office fit out but don't know where to start with budgeting? It's crucial to have a clear understanding of typical office fit out costs before embarking on any project. From furniture and construction work to professional fees and audio-visual installations, the expenses can add up quickly.
Our comprehensive guide will help you navigate the process and ensure you are making informed decisions. Discover the key factors to consider when calculating your budget and how to optimize your investment. Don't let unexpected costs derail your project. Start planning today and achieve your dream office within your budget.
Average office fit out costs by city
Sweden’s office fit out costs illustrate the country's innovative approach to workplace design, mirroring its leadership in sustainable living and modern business practices. The 2024 Office Fit Out Cost Guide provided by Cushman & Wakefield is a vital resource for firms planning office renovations or constructions, offering essential budgeting and planning insights for the Swedish market.
Stockholm, known for its commitment to sustainability and innovation, sees medium-quality office fit outs priced at an average of €1,824 per square meter. This reflects the city's ambition to integrate eco-friendly principles with cutting-edge office design. Reinstatement costs for medium-quality projects average €115 per square meter in Stockholm, indicating the considerations for restoring office spaces to their original condition upon lease termination.
By partnering with Cushman & Wakefield’s Project & Development Services team, businesses can navigate the complexities of the Swedish office fit out market effectively, aligning their projects with both environmental goals and financial considerations, ensuring a successful outcome that resonates with Sweden’s forward-thinking business ethos.
Our Services
Cushman & Wakefield offers a range of services to help you create your ideal office space. We are a trusted partner for occupiers and investors managing their capital expenditure and project delivery across Sweden. By providing consistent, trusted client service, we have created an excellent reputation locally, across Sweden, and globally. Our experienced team can guide you through the entire fit out process from concept to completion.
Project Development
Global Occupier Services
Total Workplace
Why Choose Us?
Whether you want more value from your space and a better design, or you’re an investor and your asset needs repair, a refresh or reimagining, Project & Development Services (PDS) is here for you. We know we’ve done our job when the design and construction of the space you occupy works like clockwork, or you’re thrilled by the on-time, on-budget results.
Our team has knowledge in all verticals and specializations, managing projects, programs, and development. We watch out for risk, and our processes and buying power keep costs down for you. We have a broad perspective of the real estate life cycle and align with where you are in your journey, so the result reflects your culture and goals.
Local Team Contacts
Our team is here to support you through the fit out process. Contact a regional team lead to learn more about our services and how we can help you create your ideal workspace.
Download the European Office fit out cost guide External Link
To learn more about our services or to request a consultation, please get in touch with us today.