Office Tenant Build-out Costs – 2017
Construction and development costs in the U.S. increased by 2.7 percent in 2016 and are expected to increase along similar lines during 2017, according to JLL’s U.S. Fit Out Guide. The guide, which looks at Class A office build-out in 51 national markets, indicates the national average for tenant out-of-pocket costs to be $152.88/sf with DC having the lowest rate ($103.88/sf) and Silicon Valley having the highest ($199.22/sf). The national average for landlord-provided TI allowance is $43.61/sf.
Lowest build-out costs – Graph: JLL Research
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Highest build-out costs – Graph: JLL Research
Last Updated on May 16, 2017 by Ramin Seddiq