Americas Office Fit Out Cost Guide 2023

LOCALMARKETDATA

PANAMA (USD)

PERU (LC)

2022

2023

2022

2023

$10.13

$11.71

Misc. Architectural Trades

22.63

28.49

Misc. Architectural Trades

$15.67

$14.86

Arch. Millwork

11.81

14.75

Arch. Millwork

$10.31

$12.87

Doors, Frames, Hdwr

8.96

11.80

Doors, Frames, Hdwr

$11.15

$12.08

Drywall, Acoustic, Carpentry

26.62

25.04

Drywall, Acoustic, Carpentry

$16.12

$16.26

General Finishes

23.00

24.96

General Finishes

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$16.91

$16.91

32.47

38.30

$16.72

$17.65

Electrical

32.58

38.35

Electrical

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$26.29

$33.00

34.65

39.21

$9.70

1$0.23

Contingency

19.27

22.08

Contingency

$133.00

$145.57

Total

211.97

242.98

Total

PHILADELPHIA

PHOENIX

2022

2023

2022

2023

$3.27

$3.38

$2.14

$3.17

Misc. Architectural Trades

Misc. Architectural Trades

$5.84

$6.41

$5.30

$6.39

Arch. Millwork

Arch. Millwork

$9.54

$12.40

$11.27

$14.91

Doors, Frames, Hdwr

Doors, Frames, Hdwr

$14.28

$18.26

$14.06

$14.98

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

$8.42

$10.97

$8.24

$8.03

General Finishes

General Finishes

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$27.63

$31.70

$16.16

$18.04

$31.16

$39.30

$24.59

$28.63

Electrical

Electrical

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$13.62

$12.40

$18.49

$18.66

$11.38

$15.36

$10.03

$10.72

Contingency

Contingency

$125.15

$150.18

$110.29

$123.52

Total

Total

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

38

Cushman & Wakefield