Americas Office Fit Out Cost Guide 2024

OFFICE FIT OUT COST GUIDE 2024

LOCAL MARKET DATA

MEXICO CITY (LC)

MIAMI

2022

2023

2024

2022

2023

2024

Misc. Architectural Trades

Misc. Architectural Trades

140.97

132.16

161.88

$2.79

$3.29

$3.28

Arch. Millwork

Arch. Millwork

98.90

50.78

85.20

$4.80

$5.37

$6.89

Doors, Frames, Hdwr

Doors, Frames, Hdwr

81.10

46.78

119.28

$11.39

$13.72

$13.60

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

116.99

80.52

119.28

$12.39

$16.70

$24.51

General Finishes

General Finishes

111.92

90.67

135.03

$9.40

$11.97

$8.17

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

236.15

283.16

349.32

$18.09

$19.53

$27.03

Electrical

Electrical

204.61

279.68

306.72

$22.50

$25.43

$38.33

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

312.42

541.13

471.88

$18.08

$22.06

$18.65

Contingency

Contingency

130.31

71.83

127.67

$9.94

$9.94

$10.60

Total

1,433.37

1,576.71

1,876.26

Total

$109.39

$127.99

$151.05

MINNEAPOLIS

MONTERREY (LC)

2022

2023

2024

2022

2023

2024

Misc. Architectural Trades

Misc. Architectural Trades

$3.39

$3.58

$3.77

109.46

256.00

205.24

Arch. Millwork

Arch. Millwork

$6.49

$5.57

$5.87

36.14

41.17

41.17

Doors, Frames, Hdwr

Doors, Frames, Hdwr

$13.01

$14.40

$15.16

95.59

107.54

95.83

Drywall, Acoustic, Carpentry

Drywall, Acoustic, Carpentry

$16.51

$14.65

$15.43

165.37

183.37

174.08

General Finishes

General Finishes

$7.57

$8.80

$9.26

148.95

156.11

158.36

Mechanical, Plumbing, Fire Protection

Mechanical, Plumbing, Fire Protection

$26.24

$27.89

$29.36

269.67

274.13

226.46

Electrical

Electrical

$28.92

$30.73

$32.36

187.75

266.44

291.86

General Requirements, General Conditions & Fee

General Requirements, General Conditions & Fee

$11.07

$14.30

$15.06

494.15

361.96

167.02

Contingency

Contingency

$11.32

$12.07

$12.71

150.71

108.32

119.30

Total

$124.52

$131.99

$138.99

Total

1,657.78

1,755.04

1,479.32

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

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