Americas Office Fit Out Cost Guide 2024

MERCADO LIBRE, MEXICO CITY

CONSTRUCTION GENERAL CONTRACTOR COST SENTIMENT IMPROVING

Cushman & Wakefield’s winter 2024 GC survey points to some interesting changes around cost sentiment: > GCs are seeing supplier cost increases slow down. Most GCs (57%) felt that supplier costs increased slightly in the past six months, while 8.0% felt they increased significantly. This was in marked contrast with the winter 2023 when 38% of GCs felt that supplier costs had increased significantly. > Looking forward six months, 49% of GCs expect supplier costs to remain the same, while 13% expect them to

KEY TAKEAWAY GCs are now familiar with operating in a high-cost environment but, based on the winter 2024 sentiment survey, most expect that supplier costs won’t continue to increase in the next six months.

decrease slightly. This is also a significant difference from the 2023 survey where only 29% expected supplier costs to remain the same and 8.0% expected a slight decrease.

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Cushman & Wakefield