Insights & News

Fitout and Refurbishment Costs

Sydney office fitout and refurbishment costs are now the highest in the region.

The Australian Financial Review shared some interesting data last week following a comparison by JLL on the costs of current commercial office construction costs in all of Australasia.

The evaluation between Sydney and all other major cities in Asia exposed that that Sydney’s construction costs are skyrocketing compared to other cities in our region.

The solution to managing your financial exposure to fitout or refurbishment costs to align with your return to office policy is critical.

CR is currently responsibly managing costs for our clients like Boral and Sonic Healthcare to ensure that the costs are respectful and that quality is not compromised. Client sided fitout and design managers to control costs and budgetary blowouts is essential.

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