Average office real estate fit out cost in Central and South America 2023, by city

The square foot cost of an office fit out in different Central and South American countries varied depending on the use of the space, with a fit-out for an event space costing the most. Mexico City was one of the cities with the lowest fit-out cost. An activity space fit-out, which according to the source allows for solo working but also collaboration areas, cost approximately 1,658 U.S. dollars per square meter. Team space, which focuses on team-based work and collaboration, but also allows flexibility, cost on average 1,622 U.S. dollars per square meter. Event spaces - office areas with client reception spaces, town hall style, adaptable meeting rooks and fewer workstations - had the highest cost at 2,449.5 U.S. dollars per square meter

A complete office fit out includes the transformation of an empty space into a suitable office environment, including the necessary structures, electrical furnishings, mechanical equipment, and furniture.