In the Latin American office market, among the trends for this year, such as the search by companies to reduce the size of their facilities, change location and concentrate efforts on adapting existing spaces to reduce density, the Cost is one of the deciding factors in this whole picture.

This was revealed by the analysis on the trends and costs of the offices in Latin America prepared by María Valdez, director of sales and change management of the Newmark Facilities Maintenance division and Juan Zabala, director of the Project Management division of Company Global Corporate Services.

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The trends and strategies to be adopted in each of the countries of the region were analyzed from the perspective of complex and changing scenarios, creating a guide that allows providing a perspective of what is happening with workspaces, where their design is going. , under what premises the projects are developed and how the costs are varying throughout the region, with the aim of obtaining the greatest benefit when planning projects.

For better decision-making this 2023, local knowledge and market information was taken into account, which includes the total conditioning price per square meter (m²), which considers professional fees, construction, accessories and furniture, as well as equipment. IT, such as servers, PCs, and monitors, among others.

Capital costs or CAPEX are classified into three main categories: Soft Cost, Hard Cost and Furniture. The Soff Cost relates to the materials, labor, or physical construction of the project and can persist long after the project has been completed. The Hard Costs correspond to the construction materials associated with the actual construction of the project and finally the furniture.

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To standardize criteria in the different markets in Latin America and considering the implications of construction, certain general assumptions were applied, such as: location, facilities, infrastructure and design. The prices have been calculated based on a parametric estimation methodology, in which the values in dollars per m2 are considered for each of the assigned categories: Efficient, Standard and Premium.

In the Mexican case, the result shows 980 dollars per square meter in the efficient cost category.

In Solili you can consult offices available in Mexico City, Guadalajara and Tijuana 

Original note