Americas Guide 2025 Highlights
The Americas Fit Out Cost Guide evaluates current costs for Generation 1 and Generation 2 projects across 58 cities across North, Central and South America. While the macroeconomic outlook shows promising improvements, driven by easing global supply chain stress and inflation reduction, the sector continues to face challenges. Persistent labor shortages and permitting delays remain significant obstacles.
Key findings include:
- Flight to quality continues to trend across major markets in the U.S. and Canada
- Occupiers intending to lease high-quality offices will be affected by slower new construction activity, meaning they will need to consider fit outs over new construction
- Approximately 89% of general contractors surveyed in the region feel that clients spent as much or more on ESG features compared to recent data. This accelerated spend has contributed to price increases in commodities used for electrification
- Finding skilled talent remains a challenge