Nationally, the average cost to build out an office is $196.49/sf. But after taking into account the average landlord-provided tenant-improvement allowance of $43.61/sf, the out-of-pocket cost for tenants is $152.88/sf, according to JLL’s new U.S. Fit Out Guide.
The report combines fitout costs and tenant improvement allowances to paint a comprehensive picture of what companies can expect to pay out of pocket for an office buildout across the nation. It also details the most- and least-expensive markets for fitouts.