Americas Fit-Out Cost Guide 2022

INTRODUCTION The pandemic has created a “perfect storm” of effects that are driving construction activity up and accelerating increases in materials and labor costs. There are difficulties today with getting inflationary pressure, and delivering on-time with supply chain delays and labor shortages. Mixed with the continued uncertainty related to how hybrid work structures will impact office workplace layouts, occupiers are facing complex challenges in building out office space in ways that are cost-effective, timely, and ultimately create value-add office environments for businesses to build culture, drive collaboration materials in a timely fashion, keeping costs down amidst

and expedite innovation (all components that are more challenging with remote and distributed workforces).

45 CITIES & 9 COUNTRIES IN THE AMERICAS

The Guide includes comprehensive tenant improvement construction costs including all relevant construction trade codes, general conditions, fees and contingency. The Guide specifically excludes FF&E, IT, audio/visual, and security cost.

2 AMERICAS OFFICE FIT-OUT COST GUIDE 2022