Fit-out costs in key office markets continue to rise ...United Arab Emirates

Fit-out costs in key office markets around the world have continued to climb with inflation, according to leading property expert Savills. Increased rents in many markets are also contributing to higher total net effective costs for prime office occupiers, which include fit-out costs and rents, as detailed by Savills in its latest Prime Office Costs (SPOC) analysis for Q3 2022. Overall, the markets which have seen the largest increases in net effective costs over the quarter ended September are largely clustered in the EMEA (Europe, Middle East and Africa) region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). In early November 2022, CRC said that Dubai’s commercia

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