What’s the real cost of building out office space in Phoenix?

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Isagenix’s new headquarters in Gilbert, Arizona.

 

You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated office space into an engaging workplace. Get a holistic picture of total build-out costs in Phoenix and understand how your city stacks up across the nation.

Choosing the right location for a new office is always a multi-faceted job, but by understanding the market trends in buildout costs, organizations can make more informed decisions as they go about looking for the right space to do their business.

By combining market by market build-out costs with tenant improvement packages, JLL’s first U.S Fit Out Guide details what companies can expect to pay, all in, to build out a new office space in 51 markets across the U.S. Armed with this data and intelligence, companies can make decisions that achieve their workplace ambitions.

When combining the fit-out costs and tenant allowances across all markets, the top 10 most expensive markets in the nation are:

  1. Silicon Valley
  2. Sacramento
  3. Long Island
  4. San Francisco
  5. New York
  6. New Jersey
  7. North San Francisco Bay
  8. Detroit
  9. Chicago
  10. St. Louis

Where does Phoenix fit in the mix? Dive into the U.S. Fit Out Guide to find out.

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