Budget Planning for Your Commercial Fit-Out

19 Feb 2021

Budget planning for the fit-out of your commercial space is essential. If not done correctly, a business can easily be put at risk. Often, the fit-out costs more and takes longer to finish than anticipated. This can bring many unpleasant surprises, from employees not having a proper office space to new tenants being unable to more into their new premises.

Understanding Fit-Out Costs

But how much can you expect your fit-out to cost? Let’s find out what insights commercial fit-out experts can share.

Size Matters

Depending on the size of your space, the costs will vary. Commercial fit-outs for an average-sized office typically cost between $500 and $2,000 per square meter. However, it is virtually impossible to predict a more specific number because the final quote will depend on the project’s specifics. The best course of action is to ask for a detailed quote.

Space Utilisation

What you want to do with your space primarily influences the price. For instance, the price could be closer to $500 per square meter if you only require workstations, phones, internet and power. However, if you need new ceilings, flooring, lighting, air conditioning and a kitchenette, you could be looking at $2,000 per square meter.

For a medical establishment, the costs are higher – ranging from $2,000 to $5,000 per square meter. The exact amount will depend on the required equipment and the type of design.

Style Considerations

Costs will differ depending on the style:

• Progressive style – A simple aesthetic, basic technology, open floor plan, and no enclosed offices is the least costly option.
• Modern style – A substantially open plan with 10% enclosed offices and a focus on function will add around $200 extra per square meter.
• Traditional style – With around 30% of the floor plan dedicated to enclosed offices, a simple aesthetic and basic technology, this is the most expensive option. It would add around $200 per square meter.

The Importance of Good Commercial Design

A good commercial design contributes to key objectives of any space – productivity, collaboration and an uplifting environment. This is why you need a trustworthy company to do the job right.

Choose BHO Interiors for Your Commercial Fit-Out Needs

BHO Interiors specialises in commercial fit-outs for Perth corporate, retail and hospitality businesses. Request a consultation today!