Understanding the cost of targeted investments

Cultural and lifestyle trends are combining with new technology and economic headwinds to create a new landscape for businesses. The need to attract, retain and support talent whilst driving cost efficiencies and productivity is not an easy equation to solve. These dynamics are not new, but they have been accelerated by the disruption of COVID-19 and the volatility that has been seen since, with the geopolitical and economic backdrop remaining unsettled. Social change coupled with an ongoing sense of ‘perma-crisis’ have heightened expectations and the pressure on businesses to support more flexible and digital ways of working, whilst also protecting business interests and maintaining stability. In an era where businesses are facing so much uncertainty, they need to ensure that they are spending money in a way that creates best value and maximum impact for both people and operations. While demand to both refit existing space and fit-out new space remains high, businesses are being cautious and considered in how they do this – and they require a greater level of visibility on what targeted investments will cost. Making the right choices relies on having good quality data to underpin business cases and make carefully costed assessments. This report caters to this need by providing a granular dataset to help guide companies as they look to understand budgets and optimise spend. Our research has drawn together data from 42 markets worldwide, so that clients in every region can weigh up the average costs for different specifications – high, medium, and low – creating workspaces to suit their needs, budget and cultural objectives.