1、EMEAFit Out Cost Guide 2025OFFICESCOR INSURANCEIntroductionTHE EUROPEAN ECONOMY FACED A CHALLENGING LANDSCAPE THROUGHOUT 2024.Although interest rates had been cut several times in the second half of the year,they remain elevated compared to longer run averages,continuing to impact economic activity.
2、In more positive news,economic growth is forecast to pick up in the year ahead as inflation continues to be reined in.Together these factors should allow for more broad-based growth,driven by greater levels of corporate investment.Should the regional economy follow this baseline scenario,it suggests
3、 net absorption of a little over 2.2 million square metres(sqm)in 2025.While construction cost increases are easing,they have not fully abated;rather they are expected to grow at a slower pace.Consequently,companies need to consider allocating greater capital expenditure budgets to accommodate the f
4、it out of their choice.This guide now 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 office relocation budgets,it serves as a valua
5、ble resource for informed decision-making.Our guide also provides an all-in section that includes furniture,audio visual,professional fees and contingency on the total costs associated with a potential internal fit out project.Cushman&Wakefield2EMEA Office Fit Out Cost Guide 20253AKAMAICushman&Wakef
6、ield4EMEA Office Fit Out Cost Guide 20255Macroeconomic Review and Market OutlookEconomyOVER THE PAST YEAR,ECONOMIES ACROSS EUROPE,THE MIDDLE EAST AND AFRICA HAVE FACED VOLATILE CONDITIONS,LEADING TO SUBDUED GROWTH.While interest rate cuts became a reality in the second half of 2024,with the European
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