The most expensive APAC markets for fit-outs are Tokyo and Singapore where costs are comparable to the likes of New York and London. Indian cities come in towards the lower end of the index along with emerging Southeast Asian markets such as Ho Chi Minh City and Bangkok.

Looking forward over the next 12 months, most of the cost management leads that we spoke to expect an uptick in cost. Meanwhile a conservative approach to major CAPEX decisions is likely as long as geopolitical tensions persist. All the numbers in the guide were correct at the time of publishing although the rapidly evolving global trade environment may cause costs to deviate. Find out more about APAC cost trends here.