The pandemic has brought about significant changes in the way employees work, leading to a need for corresponding changes in workplace design. JLL’s “U.S. and Canada Design Trends and Cost Guide” offers valuable insights into evolving office designs, fit-out considerations, and associated costs based on an analysis of 4,900 projects completed by JLL.
According to the guide, we are currently experiencing a stabilization of hybrid working patterns where effective on-site workspaces should support collaboration, focused work with sound privacy while integrating technology. Sustainability is also becoming increasingly important as companies strive towards net-zero goals and demand for low-carbon offices rises. Additionally, hybrid work environments that accommodate both virtual and in-person collaboration are more complex.
When determining fit-outs costs which vary depending on project scope and user requirements – there are several factors to consider such as regional differences with state-specific factors playing a role; market demand; tenant preferences; employee well-being; sustainability & energy efficiency measures implemented during construction or renovation process ; integration of technology etc.
To provide an overview of average fit-out costs across major U.S. & Canadian markets ,the guide outlines comprehensive data-driven reference . However,the authors caution that these figures assume warm lit shell condition .
Here is an overview per rentable square foot:
As contractors continue grappling with labor retention issues amid increased backlogs,margins may come under pressure.The shortage could also lead to higher construction expenses.However,a slowdown in construction activity has helped keep prices stable but finished goods face challenges due evolving standards & heightened demand.Global events have potential disrupt supply chains adding uncertainty.In light this,”cost increases expected remain within historical averages but may be influenced by continued uncertainty.”
