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Expert Opinion

Redefining Office Fit-Out as Demand Evolves

Refitting Existing Offices Is a Critical Part of Meeting Corporate Needs
Nick Winter. (JLL)
Nick Winter. (JLL)
By Nick Winter
JLL
May 22, 2024 | 6:00 AM

The demand for high-quality, low-carbon, tech-enabled office spaces is soaring, but there’s a shortage of new developments to meet this need. In fact, over the next five years, we’ll see a shortfall of 2.2 million square metres of adequate office space, leaving 57% of this demand unmet, according to JLL's EMEA Fit-Out Cost Guide. At the same time, labour shortages and high material costs are posing challenges to new office developments.

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