Since COVID-19, global office fit-out costs have risen sharply due to inflation. Although the pace has slowed, prices remain well above pre-pandemic levels. In Korea, higher construction costs have pushed up rents for new buildings. The combined increase in rents and fit-out costs has become a key factor prompting some occupiers to consider downsizing or relocating to lower-grade buildings.
The global report by Cushman & Wakefield referenced in this document can be found at the link below.
Instant Insight #1 Office Fit Out Cost Guide
Suki Kim • 09/06/2025
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Instant Insight #1 Office Fit Out Cost Guide
In Korea, higher construction costs have pushed up rents for new buildings.
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