Fit Out Cost Guide 2025 | Retail

Contractors Don’t Anticipate Significant Price Cuts From Suppliers Cushman & Wakefield Construction Contractor Sentiment Survey, Spring 2025

100%

7%

15%

19%

30%

80%

26%

11%

60%

56%

59%

44%

33%

40%

20%

30%

26%

22%

22%

0%

General Contractors

GC’s Suppliers

General Contractors

GC’s Suppliers

Past 6 Months

Next 6 Months

Decrease Slightly

No Change Increase Slightly

Increase Significantly

Decrease Significantly

Source: Cushman & Wakefield Research

Decreases Are Not Expected For Labor and Material Costs Cushman & Wakefield Construction Contractor Sentiment Survey, Spring 2025

Next 6 Months

100%

15%

22%

80%

44%

60%

44%

40%

41%

20%

33%

0%

Overall Labor Costs

Overall Material Costs

Decrease Slightly

No Change Increase Slightly

Increase Significantly

Decrease Significantly

Source: Cushman & Wakefield Research

California Markets Are Experiencing Longer Permitting Times Cushman & Wakefield Construction Contractor Sentiment Survey, Spring 2025

What is the average time from requesting to receiving a permit?

100%

25%

33%

80%

50%

67%

60%

100% 100% 100% 100% 100% 100%

33% 100% 100% 100% 100%

100%

40%

75%

50%

20%

33%

33%

0%

Texas

SoCal

NorCal

Mountain

NYC MSA

Southeast

Southwest

Upper MW

Pacific NW

Appalachia

Great Lakes

Mid-Atlantic

Boston MSA

New England

Chicago MSA

4-8 Weeks

8-12 Weeks

12-16 Weeks

Source: Cushman & Wakefield Research

13

Retail Fit Out Cost Guide 2025