Americas Fit-Out Cost Guide 2022

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

KEY TAKEAWAY A net result for office construction and fit outs has been increased delays, greater uncertainty and higher costs. There does appear to be some light at the end of the tunnel as the supplier delivery index, which measures manufacturer

SUPPLY CHAINS Increases in construction and customer demand for durable and non-durable goods are one of the drivers of supply chain disruptions over the past two years. COVID- 19 outbreaks and labor shortages have also wreaked havoc on the flow of goods through ports and on trucking, transportation and distribution capacities. According to the Federal Reserve Bank of New York, the supply chain stress indices for both China and the U.S. ended 2021 up over 40% from pre-pandemic levels in February 2020.

delays, has been receding since the middle of 2021. 2

SUPPLY SIDE CHALLENGES MEETING NEW DEMANDS Supply Chain Stress Index

U.S. Supply Chain Stress Index China Supply Chain Stress Index Global Supply Chain Stress Index (RHS)

5

150

4

140

3

130

2

120

1

110

0

100

-1

90

Global Supply Chain Stress Index

-2

80

U.S. & China Supply Chain Stress Index

-3

70

Source: Federal Reserve Bank of New York

2 https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/deloitte-2019 millennialsurvey.pdf

4 AMERICAS OFFICE FIT-OUT COST GUIDE 2022