1、ASIA PACIFICOFFICEFit Out Cost Guide 2026IOI PROPERTIES,SINGAPOREIntroductionThe Asia Pacific economy faced an array of new challenges in 2025.At the forefront was the introduction of tariffs on exports to the U.S.,set at levels not seen in nearly a century.Inflation and interest rates remained cent
2、ral themes across the region,with the region bifurcating between a majority of markets facing sub-par inflation and continuing to cut rates,while a smaller minority contended with stronger inflationary pressures and the prospect of further rate hikes.In reflection of this,at the regional level,fit o
3、ut costs increased only modestly year-over-year(YOY),in both U.S.dollar and local currency terms.However,there was a strong divergence between markets below this regional average.As we head further into 2026,uncertainty continues to prevail.The tariff landscape has shifted once again and conflict in
4、 the Middle East has escalated.Prior to the events of late February and early March,regional growth was forecast at 3.7%in 2026,from an estimated 4.3%in 2025.Should the region follow this script,it is consistent with the Asia Pacific region absorbing approximately 77 million square feet(msf)of space
5、 through 2026.Cost pressures are continuing to ease insofar as the consensus view is for labour and material costs to only marginally increase over the next six months.For the most part,project backlogs and lead times both appear well under control.Together these factors should give companies greate
6、r assuredness in underlying project costs and timelines,suggesting now is an opportune time to undertake key capital expenditure projects.In this guide,we have maintained our coverage of 33 key cities across Asia Pacific and continue to provide greater insights into the construction industry through