Americas Office Fit Out Cost Guide 2023

OFFICE FIT OUT COST GUIDE 2023

CUSHMAN & WAKEFIELD CONSTRUCTION CONTRACTOR SENTIMENT SURVEY WINTER 2023 SOME EASING OF LEAD TIMES IS EXPECTED IN THE NEXT SIX MONTHS

Decreased Significantly Decreased Slightly No Change Increased Slightly Increased Significantly

100%

3%

11%

13%

39%

80%

35%

46%

43%

60%

31%

40%

58%

33%

40%

20%

26%

11%

4%

0%

Material Lead Times Project Execution Time

Material Lead Times Project Execution Time

Past 6 Months

Next 6 Months

Source: Cushman & Wakefield Research

KEY TAKEAWAY Global supply chain stress levels continue to recede, and manufacturer delays have eased significantly; however, U.S. lead times and project timelines continue to be impacted. According to a recent Cushman & Wakefield GC survey, there’s a higher expectation material lead times may decrease in 2023, and nearly 60% of respondents believed project execution timing will remain unchanged in 2023, as opposed to worsening or improving.

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