The impact of Brexit on contractors could be beneficial for landlords and occupiers.
New data from Cushman & Wakefield’s Occupier Fit Out Cost Guide shows category B office fit-out costs increased by just 1% between January 2018 and January 2019, compared with a 5.8% increase between Q1 2017 and Q1 2018.
The cost of low category B fit-outs in Q1 2019 stood at £56 per sq ft compared to £55 per sq ft in Q1 2018. However, costs rose by 5.7% between Q1 2017 (£52 per sq ft) and Q1 2018.
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