Americas Fit-Out Cost Guide 2022

C U S H M A N & WA K E F I E L D

MOSTEXPENSIVE AND COST-EFFECTIVE MARKETS Average generation 1 (GEN 1) fit out costs in the Americas total $122/square feet. Generation 2 (GEN 2) costs are typically priced at 10-15% discount to GEN 1.

> The priciest markets for buildouts are, not

surprisingly, located in the U.S. Of the top six most expensive markets, five are located on the West Coast. The most expensive market is San Jose, where build out costs are nearly double the

Americas average. • San Jose: $215 psf

• San Francisco: $201 psf • New York City: $187 psf • Seattle: $176 psf • Sacramento: $163 psf • Orange County: $155 psf

> The most cost-effective markets are non-dollar denominated Latin American markets and Mexico. There are eight markets with GEN 1 costs below $100 psf. • St. Louis • Chile • Calgary • Monterrey • Guadalajara • Colombia • Mexico City • Peru

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CUSHMAN & WAKEFIELD