The cost per square foot of an office fit-out rose across all four Canadian cities under observation in 2023. Fitting out an office space was most expensive in Toronto, where it cost about 201 Canadian dollars per square foot. The fit-out costs in Montreal and Vancouver was 170 and 184 Canadian dollars per square foot, respectively. In contrast, Calgary had significantly lower costs, at just under 142 Canadian dollars per square foot. 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.
Average office real estate fit-out cost in Canada from 2022 to 2023, by city
(in Canadian dollars per square foot)
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Cushman & Wakefield. (April 20, 2023). Average office real estate fit-out cost in Canada from 2022 to 2023, by city (in Canadian dollars per square foot) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/
Cushman & Wakefield. "Average office real estate fit-out cost in Canada from 2022 to 2023, by city (in Canadian dollars per square foot)." Chart. April 20, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/
Cushman & Wakefield. (2023). Average office real estate fit-out cost in Canada from 2022 to 2023, by city (in Canadian dollars per square foot). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/
Cushman & Wakefield. "Average Office Real Estate Fit-out Cost in Canada from 2022 to 2023, by City (in Canadian Dollars per Square Foot)." Statista, Statista Inc., 20 Apr 2023, https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/
Cushman & Wakefield, Average office real estate fit-out cost in Canada from 2022 to 2023, by city (in Canadian dollars per square foot) Statista, https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/ (last visited November 22, 2024)
Average office real estate fit-out cost in Canada from 2022 to 2023, by city (in Canadian dollars per square foot) [Graph], Cushman & Wakefield, April 20, 2023. [Online]. Available: https://www.statista.com/statistics/1422430/office-fit-out-cost-canada-by-city/
