Office Tenant Improvement Cost Guide North America

It’s hard to generalize construction costs because there are a number of factors in play at any given time.

The global pandemic created challenges in the supply chain, which impacted timeliness and increased the cost of obtaining goods in some cases. Conversely, recessions typically have downward pressure on contractor pricing—as they get more aggressive to win the limited number of projects occurring—and on labor costs.

To inform our clients of the changes in office tenant improvement costs, Cushman & Wakefield’s Project & Development Services team prepared a set of typical fit out plans and asked local partners in 45 markets across the United States, Mexico, Latin America and Canada to price the work. The results were analyzed to understand variations in pricing and approach.

To learn more, download the full guide.