Americas Office Fit Out Cost Guide 2023

BREAKDOWN OF EXPENSES BY CATEGORY

18% 21%

>26% >20%

Mechanical costs account for over 20% of costs in 14 different markets, all in the U.S. Unlike the previous year, no Canadian markets had mechanical costs over this threshold.

Across all markets, electrical is the largest category of fit out costs, accounting for 21% of the total. The second highest cost category is mechanical at 18% of total.

In Denver, Nashville, Argentina, Philadelphia and Portland, electrical costs account for over 26% of total costs.

HIGH SIDE

Drywall, acoustic and carpentry— the third leading costs category— is consistently around 11%-14% of total costs, with some outliers:

Detroit 18%

Houston

Calgary 16%

16%

LOW SIDE

11-14%

Mexico City 5%

Chile 7%

18

Cushman & Wakefield