What is an office fit out? | What are the benefits of an office fit out? | How much does it cost to fit out an office? | Maximizing your budget | Office refurbishment costs | Our Services | Why choose us? | Contact us
Latin America Guide 2023 Highlights
Our Office Fit Out Cost Guide is an essential tool to assist in corporate real estate decision-making regarding fitting out, retrofitting and reinstating office space.
It provides an indication of the office fit out construction costs for occupiers across key countries. Whether you have a basic, collaborative, or advanced hybrid fit out requirement, this guide compiled by our Project & Development Services team serves to assist occupiers in defining their capital planning and office relocation budgets.
For 7 key countries, this year’s guide covers:
- Key considerations for a best-in-class office fit out: workplace strategy, sustainability, procurement, and technology
- A comprehensive fit out cost breakdown that includes architectural trades; millwork; doors, frames and hardware; drywall, acoustic and carpentry; general finishes; mechanical, plumbing fire protection; electrical and other.
- Average costs to retrofit and reinstate office spaces in key markets.
What is an office fit out?
An office fit out refers to the process of designing and constructing an office space to meet the specific needs of the occupier. This can include everything from furniture and equipment to mechanical and electrical systems. An effective office fit out can improve productivity, employee morale, and help create a positive brand image. Whether you are relocating to a new office or looking to refresh your existing space, our guide can help you understand the costs involved in creating your ideal workspace.
What are the benefits of an
office fit out?
A well-designed office fit out can have a significant impact on your business. It can help you attract and retain top talent, improve efficiency, and create a positive work environment. Investing in an office fit out is an investment in the future of your business.
How much does it cost to
fit out an office?
Our Office Fit Out Cost Guide provides a comprehensive fit out cost section covering architectural trades; millwork; doors, frames and hardware; drywall, acoustic and carpentry; general finishes; mechanical, plumbing fire protection; electrical and other.
| 2023 Average Fit Out Cost (LATAM/SF) | 2023 Average Cost Breakdown | |||||||||
| Generation 1 | Arch. Millwork | Contingency | Doors, Frames, Hdwr | Drywall, Acoustic, Carpentry | Electrical | General Conditions | General Finishes | Mechanical | Mis. Architectural Trades | |
| Mexico | MXN $1,724 | 3% | 7% | 4% | 11% | 15% | 26% | 8% | 16% | 10% |
| Argentina | ARS 12,465 | 11% | 9% | 4% | 13% | 27% | 0% | 10% | 10% | 12% |
| Chile | CLP 80,537 | 3% | 4% | 4% | 7% | 13% | 40% | 7% | 10% | 12% |
| Colombia | COP 267,406 | 6% | 12% | 5% | 8% | 14% | 4% | 15% | 17% | 19% |
| Costa Rica | CRC 77,115 | 6% | 7% | 6% | 11% | 20% | 24% | 9% | 14% | 3% |
| Panama | USD$146 | 10% | 7% | 9% | 8% | 12% | 23% | 11% | 12% | 8% |
| Peru | PEN 243 | 6% | 9% | 5% | 10% | 16% | 16% | 10% | 16% | 12% |
Maximizing your budget: understanding typical office
fit out costs
Are you planning an office fit out but don't know where to start with budgeting? It's crucial to have a clear understanding of typical office fit out costs before embarking on any project. From furniture and construction work to professional fees and audio-visual installations, the expenses can add up quickly.
Our comprehensive guide will help you navigate the process and ensure you are making informed decisions. Discover the key factors to consider when calculating your budget and how to optimize your investment. Don't let unexpected costs derail your project. Start planning today and achieve your dream office within your budget.
Office refurbishment costs
Factors that can influence the office fit out cost include:
- Location: The cost of materials, labor, and regulations can vary greatly by location.
- Type of space: The type of space you are fitting out, such as an open plan or traditional office, can impact the cost.
- Quality of finishes: The quality of finishes, such as flooring and wall coverings, can significantly impact the cost.
- Complexity of design: The more complex the design, such as intricate lighting or customized furniture, the higher the cost.
- Compliance requirements: Depending on the nature of the business and the industry, certain compliance requirements may need to be met, such as fire safety regulations, which can increase costs.
- Mechanical and electrical services: The need for additional mechanical and electrical services, such as air conditioning or data cabling, can increase the overall cost.
- Project management and professional fees: Professional fees, such as architect and project management fees, can be a factor in improving the office efficiency and the total office investment.
- Timeline and delivery requirements: Tight timelines or delivery requirements can add costs for expedited or overtime labor.
- Contingencies: Contingency costs are an essential part of any budget to account for unforeseen expenses or changes during the project.
- Sustainability requirements: Green building standards or sustainability requirements may increase the cost but offer long-term savings in energy usage and maintenance costs
Our Services
We offer a range of services to help you create your ideal office space. Our experienced team can guide you through the entire fit out process from concept to completion.
We are a trusted partner for occupiers and investors to manage their capital expenditure and project delivery across the Americas. By seeing things differently, we anticipate market changes.
Project & Development Services
Global Occupier Services
Total Workplace
Why Choose Us?
Our Expertise
With years of experience in the industry, our team has the expertise to deliver high-quality office fit-outs that meet your needs and exceed your expectations.
Our Process
We follow a structured process to ensure that your office fit-out is completed on time and within budget. From initial design to final construction, we keep you informed every step of the way.
Local Team Contact
Our local team is here to support you throughout the fit out process. Contact us to learn more about our services and how we can help you create your ideal workspace.
To learn more about our services or to request a consultation, please get in touch with us today.