|HOW MUCH WILL A REFURBISHMENT COST|
How much will an Office Refurbishment Cost me?
Typical 2013/2014 Office fit-out project costs are ranging from £42 per square foot (£450 per square metre) for an office refurb from CAT A standard to £75 per square foot (£800 per square metre) for a project that includes a significant upgrade to the building ventilation systems. A recently completed, high specification, project for example completed at £62.50 psf, which would have been at a higher cost, above £80 psf, but the project re-used a considerable amount of FF&E from an existing premises to achieve savings.
Certain office occupation projects involve a fit-out cost per square foot far higher than the typical range. Montage has completed schemes with costs in the region of £180 - £200 per square foot. Interior fit-out projects with this level of office occupation fit-out costs differ from regular office interior refurbishment in that the fittings, materials and furniture will be specified to the very highest standard, rather than usual commercial levels.
Savills suggest a price range for CAT B office fit-out costs of £40 - £60 per square foot (£430 per square metre - £640 per square metre) for a basic specification, £60 - £80 psf for a mid-range
All figures quoted by Montage include Design, CDM & Building Regulation submissions, and project management...the figures are for complete start-to-finish projects.
Data quoted elsewhere.
Office Fit Out Terminology - Cat A and Cat B
CAT A refers to the fit-out or refurbishment undertaken by a Landlord. Typically this will include suspended ceilings and lighting, a raised floor with carpet, air conditioning, sometimes a degree of local power within the open floor area, and sometimes a teapoint with plumbing. Showers and WCs are usually included within the base build. CAT A also describes the quality of the Landlords fit-out, with a level that is commensurate with a building at the upper end of the rental value for the location
CAT B is the Tenants office fit-out, covering partitions, data, features and infrastructure unique to the occupier