Construction costs for office fit outs are up 23% this year, according to JLL's latest office fit out guide released today. Hard costs have played the biggest role at an increase of more than 25 percent, while rising design standards have also played a role.

JLL benchmarked office fit out costs according to style (progressive, moderate, and traditional) and space quality and complexity (base, medium, and high).  Progressive fit outs involved efficient open-office floor plans with predominantly bench-style desk seating and few or no enclosed offices, and include a high ratio of small huddle rooms for privacy or small group collaboration, as well as a variety of collaboration and conference spaces.  Moderate spaces consist of agile floor plans composed mainly of workstations in an open setting, as well as a moderate number of private offices and a mix of medium-sized conference and collaboration spaces.  Traditional spaces, conversely, are private-office-heavy with a quarter to a third of the space dedicated to private offices.

Base spaces have a "simple and straightforward design on a minimal budget with a templatized feel," according to JLL, with finishes and aesthetic design that are focused. Medium-quality spaces are projects of standard complexity with a few unique design features and some upgrades using average-quality finish materials. And high-quality projects are complex and custom with top-quality materials, finishes and technology.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.