{"id":1004527450,"date":"2021-05-06T05:14:57","date_gmt":"2021-05-06T13:14:57","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004526386"},"modified":"2021-05-20T09:51:55","modified_gmt":"2021-05-20T17:51:55","slug":"sizing-up-the-cost-of-office-fit-outs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/","title":{"rendered":"Sizing Up the Cost of Office Fit Outs"},"content":{"rendered":"
\"\"<\/a>

Image courtesy of MagicDesk via Pixabay.com<\/em><\/p><\/div>\n

As workers return and occupants seek new office configurations, the cost of tenant fit outs will demand renewed attention. Operators will find expenses varying as widely by region as rental rates.<\/p>\n

Those are key conclusions of JLL\u2019s new survey, which covers varying geographic markets, styles and quality levels. <\/p>\n

Average regional costs per square foot range from a high of $219.67 in California to a low of $169.20 in the South. Holding down the middle in terms of pricing as well as geography is the nation\u2019s central region, which clocks in at $184.15.<\/p>\n

\n

READ ALSO<\/strong>: DLA Piper Reports Most CRE Executives \u2018Bullish\u2019 for 2021<\/a><\/p>\n

\n

The metros with the most affordable rates for a moderate fit out include Orlando ($168.78 per rentable square foot); Tampa ($169.69); Miami ($169.80); Dallas ($170.49); Houston ($171.92); Phoenix ($172.32); Atlanta ($174.49); and Nashville, Tenn. ($175.23).<\/p>\n

On the opposite end of the spectrum, two perennially high-cost markets are at the top of the leader board: New York City ($232.79) and San Francisco ($229.94). <\/p>\n

\"Fit<\/a>

Regional roundup: average costs per rentable square foot for a moderate-style, medium-quality office in each market. Chart courtesy of JLL Research
<\/em><\/p><\/div>\n

Though there is no single solution, all office-space planning\u2014including fit outs\u2014shares at least one priority: flexibility. Prudent office planning of the future will involve expanded choices for employees. According to JLL research, 72 percent of respondents want to continue working from home. Of that group, the majority would prefer to work remotely two days per week on average.<\/p>\n

\u201cEmployers must reimagine the dynamic between the physical and virtual workplace to meet employees\u2019 demands,\u201d Laura Beebe, JLL\u2019s COO of project and development services for the Americas, told Commercial Property Executive<\/em>.<\/p>\n

\u201cWhile work-from-home won\u2019t be the solution for satisfying all working needs and work styles, hybrid work will be the answer to providing greater employee workplace choice,\u201d she added. \u201cIt\u2019s also true that some employees do not want to work remotely at all.\u201d<\/p>\n

JLL found that 24 percent of employees want to work exclusively in the office and 50 percent prefer a hybrid approach. That translates to nearly 75 percent of workers who still want the ability to come to an office, Beebe noted.<\/p>\n

\u201cAs a result, the office is evolving into a destination for collaboration, problem solving and career development,\u201d she added. \u201cThe office environment can be more conducive to connecting with teammates to solve complex issues, as well as managing direct reports and connecting with leadership.\u201d<\/p>\n

\"Fit<\/a>

Chart courtesy of JLL Research<\/em><\/p><\/div>\n

The shift to what will be a virtual collaboration of in-office and remote workers will require a reimagination of technology in office designs for many existing office workspaces. An office designed to accommodate the hybrid workforce<\/a> will need to incorporate more conference rooms, huddle rooms and flexible collaboration spaces to facilitate video calls, presentations and the like.<\/p>\n

Highlight on health<\/strong><\/h2>\n

Employers are facing more than space adjustments as they fit out their offices for the long term. While many pandemic-specific measures will cease to be of relevance, a heightened focus on health and wellness in the office environment will remain. JLL anticipates that sustainability certifications, and the design and equipment changes required to obtain them, will grow increasingly important.<\/p>\n

\u201cThe pandemic has accelerated the digital transformation of businesses and brought individual health and well-being to the forefront as a critical priority,\u201d Beebe said.<\/p>\n

\u201cWith work now truly boundary-less, people expect a safe, productive, and seamless experience that satisfies their personal and professional needs wherever work happens,\u201d she added. \u201cEmployers will need to build a worker-centric workplace to better address both the rising expectations of the workforce and the growing importance of human connection<\/a>, despite the rise of more distributed and digitally connected work.\u201d<\/p>\n

JLL\u2019s study arrives as owners and occupiers grapple with a looming large-scale return to the office. By the end of 2021, 80 percent of office workers in North America will have returned to the office, JLL estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a large-scale return to the office on the horizon, a JLL report provides a deep dive into regional variations. <\/p>\n","protected":false},"author":969,"featured_media":1004527534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21747,51037],"tags":[32796],"class_list":["post-1004527450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-office","category-trends","tag-jll"],"acf":[],"yoast_head":"\nSizing Up the Cost of Office Fit Outs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sizing Up the Cost of Office Fit Outs\" \/>\n<meta property=\"og:description\" content=\"With a large-scale return to the office on the horizon, a JLL report provides a deep dive into regional variations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-06T13:14:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-20T17:51:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/\",\"name\":\"Sizing Up the Cost of Office Fit Outs - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg\",\"datePublished\":\"2021-05-06T13:14:57+00:00\",\"dateModified\":\"2021-05-20T17:51:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg\",\"width\":1280,\"height\":960},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sizing Up the Cost of Office Fit Outs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sizing Up the Cost of Office Fit Outs - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/","og_locale":"en_US","og_type":"article","og_title":"Sizing Up the Cost of Office Fit Outs","og_description":"With a large-scale return to the office on the horizon, a JLL report provides a deep dive into regional variations.","og_url":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-05-06T13:14:57+00:00","article_modified_time":"2021-05-20T17:51:55+00:00","og_image":[{"width":1280,"height":960,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/","url":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/","name":"Sizing Up the Cost of Office Fit Outs - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg","datePublished":"2021-05-06T13:14:57+00:00","dateModified":"2021-05-20T17:51:55+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg","width":1280,"height":960},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-cost-of-office-fit-outs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sizing Up the Cost of Office Fit Outs"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/office-workspace-5-.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004527450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004527450"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004527450\/revisions"}],"predecessor-version":[{"id":1004535032,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004527450\/revisions\/1004535032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004527534"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004527450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004527450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004527450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}