Fit Out Cost Guide 2025 | Retail

Construction Wage Growth Surpasses Other Sectors

8%

7%

6%

5%

4%

3% Median Wage Growth (12 month moving average)

2%

Jan-20

Jul-20

Jan-21

Jul-21

Jan-22

Jul-22

Jan-23

Jul-23

Jan-24

Jul-24

Jan-25

Construction and mining

Manufacturing

Trade and transportation

Overall

Fed Target

Source: Federal Reserve of Atlanta

9

Retail Fit Out Cost Guide 2025