We want to arm you with the data to make informed decisions. By harnessing our Project and Development Services’ business intelligence data, our 2018 office fit out compares build out costs across office styles and space quality and complexity.
Compare costs across 59 markets to understand what a tenant can expect to pay when building out progressive, moderate and traditional style offices. Click on your market below to see the benchmark data.
You now have in your hands a powerful tool that will help you understand the tangible costs of building out an office space and how it compares across the U.S. and Canada. Leveraging more than 2,800 of our own projects, you will find details on what you can expect to pay for new office space across 59 markets.
This guide details what you can expect to pay, all in, to build out a new office space across the U.S. and Canada.
We leveraged over 2,800 JLL project budgets within the U.S. and Canada.
To provide benchmark costs to help you make informed decisions about the construction process.
Construction costs rose 3 percent through 2017 and are expected to follow suit heading in to 2018 and beyond. Office leasing fundamentals are pivoting as new construction deliveries begin to outpace leasing demand. Tenant improvement (TI) allowances spiked as landlords of both new and existing assets compete for tenants. The future of work and workplace continues to evolve in response to a dynamic workforce and changing needs.
All of these trends underline the fact that being an educated occupier in today's environment is pertinent to long-term success and an effective real estate strategy.
New to our 2018 Office Fit Out Guide is the Office Fit Out Matrix, a tool to help you understand office fit out costs on a deeper, more relevant level, and begin to see how a handful of dynamics can impact your office space design and cost.
The Office Fit Out Matrix utilizes and compares two main factors - Office Style and Space Quality and Complexity, and displays how choices in each category can affect your bottom line. Download the full report to see the breakdown among 59 markets.
Designed on a low cost and simple budget, with finishes focused on function over quality. Space contains basic technology and aesthetic design.
Increased project complexity, taking into account upgraded lighting, cabling and some structural changes. Average quality materials and details.
Complex project design with emphasis placed on top quality finishes and space improvements. Increased effort spent on aesthetics and detailed design.
Private office heavy floor plan with 30% enclosed offices and 70% open floor plan with large 8’ by 8’ workspaces and no bench space. Design also includes several conference rooms and one collaboration space.
Agile floor plan with 10% enclosed offices and 90% open floor plan with 6’ by 6’ workspaces, with minimal benching for visitors. Design also includes a strong mix of conference rooms and 2-4 dedicated collaboration spaces.
Open office floor plan with 100% bench style space and no enclosed offices. Design also includes numerous varieties of both collaboration and conference spaces.