Research

The real cost to build
out your space

See comprehensive, data-driven benchmarks on office construction costs per square foot in markets across the US and Canada using analysis from 2,800 projects.

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What’s the cost to build out your space?

Compare costs across 59 markets to understand what you can expect to pay when building out progressive, moderate and traditional style offices. Click on your market below to see the benchmark data.

 
2018: A deeper look

Construction costs rose 3 percent through 2017 and are expected to follow suit heading into 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.

 
A complete cost guide
What

This guide details what you can expect to pay, all in, to build out a new office space across the U.S. and Canada.

How

We leveraged over 2,800 JLL project budgets within the U.S. and Canada.

Why

To provide benchmark costs to help you make informed decisions about the construction process.

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