Americas Office Fit Out Cost Guide 2024

LOCAL MARKET DATA

CHICAGO

CHILE (LC)

2022

2023

2024

2022

2023

2024

Misc. Architectural Trades

Misc. Architectural Trades

$4.33

$5.03

$10.03

11,233.31

9,763.56

7,741.96

Arch. Millwork

Arch. Millwork

$6.82

$9.74

$8.17

1,609.24

2,208.67

3,167.13

Doors, Frames, Hdwr

Doors, Frames, Hdwr

$12.56

$10.83

$14.54

3,750.00

3,597.28

5,698.70

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

$20.83

$21.11

$20.88

3,834.30

5,444.81

6,899.20

General Finishes

General Finishes

$9.58

$9.63

$11.71

4,362.73

5,684.69

4,568.18

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$24.25

$35.82

$34.60

7,351.05

7,911.65

8,498.78

Electrical

Electrical

$32.50

$35.29

$43.43

8,642.68

10,318.11

12,635.55

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$13.96

$13.64

$13.85

22,061.88

32,464.89

21,192.49

Contingency

Contingency

$12.39

$13.30

$15.55

6,284.52

3,143.74

4,816.75

Total

$137.24

$154.39

$172.75

Total

69,129.70

80,537.41

75,218.74

CINCINNATI

COLOMBIA (LC)

2022

2023

2024

2022

2023

2024

Misc. Architectural Trades

Misc. Architectural Trades

$2.48

$3.92

$3.53

40,380.37

50,696.60

29,591.11

Arch. Millwork

Arch. Millwork

$5.50

$5.51

$4.95

12,783.02

15,328.82

13,130.99

Doors, Frames, Hdwr

Doors, Frames, Hdwr

$11.95

$14.30

$12.86

18,599.40

13,963.17

37,760.66

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

$13.01

$13.83

$12.43

24,153.42

20,271.21

37,781.68

General Finishes

General Finishes

$11.33

$8.30

$7.46

38,896.89

40,849.00

47,379.27

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$18.16

$20.80

$18.70

45,074.73

44,864.22

44,645.38

Electrical

Electrical

$18.82

$20.01

$17.99

34,172.29

37,843.62

41,967.94

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$10.05

$21.68

$19.49

36,329.28

11,149.29

30,174.17

Contingency

Contingency

$9.13

$8.67

$7.79

11,996.57

32,440.43

6,768.30

Total

$100.43

$117.01

$105.19

Total

262,385.97 267,406.35 289,199.50

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

46

Cushman & Wakefield