Americas Office Fit Out Cost Guide 2024

OFFICE FIT OUT COST GUIDE 2024

MOST EXPENSIVE AND COST-EFFECTIVE MARKETS

Average Generation 1 (GEN 1) fit out costs in the Americas total $139 psf, up 3.2% from 2023’s $136 psf average. Generation 2 (GEN 2) costs are typically priced at a 10-15% discount to GEN 1.

The priciest markets for fit outs are in coastal gateway U.S. markets, with San Francisco being the most expensive market, where fit out costs are roughly 70% higher than the Americas average. Costs in the top six markets increased an average of 8.1% from the previous year, with the largest increase in San Diego at 31%. > San Francisco: $223 psf > San Jose: $219 psf > New York City: $213 psf > Seattle: $208 psf > Orange County: $192 psf > San Diego: $192 psf

The most cost-effective markets are non-dollar denominated, mostly Latin American markets and Mexico. There are nine markets with GEN 1 costs below $100 psf. This is up from five markets in the previous year. > Brazil

> St. Louis > Uruguay > Costa Rica > Peru > Monterrey > Chile > Colombia > Argentina

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