Americas Office Fit Out Cost Guide 2023

LOCALMARKETDATA

MIAMI

MINNEAPOLIS

2022

2023

2022

2023

$2.79

$3.29

Misc. Architectural Trades

$3.39

$3.58

Misc. Architectural Trades

$4.80

$5.37

Arch. Millwork

$6.49

$5.57

Arch. Millwork

$11.39

$13.72

Doors, Frames, Hdwr

$13.01

$14.40

Doors, Frames, Hdwr

$12.39

$16.70

Drywall, Acoustic, Carpentry

$16.51

$14.65

Drywall, Acoustic, Carpentry

$9.40

$11.97

General Finishes

$7.57

$8.80

General Finishes

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$18.09

$19.53

$26.24

$27.89

$22.50

$25.43

Electrical

$28.92

$30.73

Electrical

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$18.08

$22.06

$11.07

$14.30

$9.94

$9.94

Contingency

$11.32

$12.07

Contingency

$109.39

$127.99

Total

$124.52

$131.99

Total

MONTERREY (LC)

MONTREAL (LC)

2022

2023

2022

2023

109.46

256.00

4.37

4.81

Misc. Architectural Trades

Misc. Architectural Trades

36.14

41.17

5.94

6.53

Arch. Millwork

Arch. Millwork

95.59

107.54

17.69

19.45

Doors, Frames, Hdwr

Doors, Frames, Hdwr

165.37

183.37

22.58

24.84

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

148.95

156.11

9.05

9.95

General Finishes

General Finishes

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

269.67

274.13

29.93

32.92

187.75

266.44

27.97

30.76

Electrical

Electrical

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

494.15

361.96

34.33

37.76

150.71

108.32

15.19

16.70

Contingency

Contingency

1,657.78

1,755.04

167.04

183.74

Total

Total

NOTES: LC=Local Currency All costs are GEN 1 GEN 2 costs have a 10-15% discount

36

Cushman & Wakefield