February 6, 2025
Demand for high quality office space continues to grow worldwide, and so do its costs
Rents for prime office space across the globe rose by 0.3 percent and fit out costs by 0.2 percent in the final quarter of 2024, says Savills, as demand for top quality office space continues to grow in many markets around the world. According to Savills in its latest quarterly Prime Office Costs report, in the fourth quarter of last year, average net effective costs rose slightly, by 0.1 percent, continuing a moderate upwards trend of 1.9 percent over 2024. London (West End), Hong Kong, and New York (Midtown) remain the top three locations in terms of costs of the 35 markets Savills examines. More →
January 17, 2025
We still display status in office design, but in new and subtle ways
by Mark Eltringham • Comment, Workplace design
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