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Construction Costs Continue to Climb

Mary Kay Smith • 8/18/2022

While COVID-19 infections may be waning, pandemic-induced problems continue to impact office fit-outs. Occupiers are facing complex office fit-out challenges from inflationary pressure on pricing, project delivery challenges from supply chain delays and labor shortages, and continued uncertainty around hybrid work structures and office workplace layouts.

Overall, the Greater Boston construction market has seen a 20-25% increase in overall project costs over the past two years, due in part to the following:

CW_Boston-Construction-Costs_Infographic

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