Spain Office Fit Out Cost Guide

What is an office fit out?  |  Office fit out versus office refurbishment: what's the difference?  |  What are the benefits of an office fit out?  |  What are the factors impacting office fit out costs? |  Commercial office fit out costs per square meter  |  Maximizing your budget: understanding typical office fit out costs  |  Average office fit out costs by city  |  Our Services  |  Why choose us?  |  Contact us

What is an office fit out?

An office fit out is the process of designing and constructing an office space to meet an occupier’s specific needs. This can include everything from furniture and equipment to mechanical and electrical systems. An effective office refit can improve productivity, employee morale, and help create a positive brand image. Whether you are relocating to a new office or looking to refresh your existing space, our guide can help you understand the costs involved in creating your ideal workplace.

Office fit out versus office
refurbishment: what’s the difference?

An office refurbishment is an office refresh project that is often less intensive than an office fit out. It may include changing a layout, completing a renovation, putting in new furniture or replacing flooring. Often, a refurbishment can occur while the office is in use.

 

What are the benefits of an office fit out?

A well-designed office fit out can have a significant impact on your business. It can help you attract and retain top talent, improve efficiency, and create a positive work environment. Investing in an office fit out is an investment in the future of your business.

What are the factors impacting office fit out costs?

Several factors can influence office renovation costs, including:

Size/Type of Office Space

The size and type of space you are fitting out, such as an open plan or traditional office, can greatly impact the cost.

Level of Customization

• Quality of finishes: The quality of finishes, such as flooring and wall coverings, can significantly impact office renovation costs.
• Complexity of design: The more complex the design—such as intricate lighting or customized furniture—the higher the cost.
• Sustainability requirements: Green building standards or sustainability requirements may increase the cost but offer long-term savings in energy usage and maintenance costs for sustainable office fit outs.
• Mechanical and electrical services: The need for additional mechanical and electrical services, such as air conditioning or data cabling, can increase the overall costs.

Location of the Office

The cost of materials, labor, and regulations can vary greatly by location.

 

Fees, Timelines and Contingencies

• Project management and professional fees: Professional fees, such as architect and project management fees, can be a significant portion of the total office renovation costs.
• Timeline and delivery requirements: Tight timelines or delivery requirements can add costs for expedited or overtime labor.
• Contingencies: Contingency costs are an essential part of any budget to account for unforeseen expenses or changes during the project. 

Commercial office fit out costs per square meter

Spain, with vibrant cities like Barcelona and Madrid, demonstrates average fit out costs indicative of a market with diverse cultural influences and design expectations. For example, medium-quality fit outs in Madrid average €1,053 per sqm, reflecting Spain's dedication to creating workspaces that balance contemporary design with its rich cultural heritage.

We advise partnering with our Project & Development Services experts to tailor fit out costs to your specific requirements, ensuring your space reflects the innovation and functionality demanded by today's Spanish workforce. Our Office Fit Out Cost Guide provides detailed coverage of fit out costs, from millwork to general finishes and more, catering to the unique needs of the Spanish market.

Maximizing your budget: understanding typical office fit out costs 

Are you planning an office fit out but don't know where to start with budgeting? It's crucial to have a clear understanding of typical office fit out costs before embarking on any project. From furniture and construction work to professional fees and audio-visual installations, the expenses can add up quickly.

Our comprehensive guide will help you navigate the process and ensure you are making informed decisions. Discover the key factors to consider when calculating your budget and how to optimize your investment. Don't let unexpected costs derail your project. Start planning today and achieve your dream office within your budget.

Average office fit out costs by city 

The variability of office fit out costs in Spain mirrors the country's adaptation to new working norms and elevated design standards. Our 2024 Office Fit Out Cost Guide is an essential instrument for companies navigating the complexities of office design and construction, offering in-depth insights for budgeting and planning.

Cities like Barcelona and Madrid exemplify the diverse range of costs, catering to both traditional and cutting-edge office designs. In Barcelona, medium-quality fit outs are priced at an average of €1,101 per square meter, whereas Madrid's average is slightly lower at €1,053 per square meter. This difference showcases the cities' unique approaches to blending historic aesthetics with contemporary workspace functionalities. The medium reinstatement costs are €142 in Barcelona and €136 in Madrid per square meter, reflecting the varied expenses associated with returning leased office spaces to their original states.

This variation emphasizes the importance of consulting with Cushman & Wakefield’s Project & Development Services team for personalized advice and financial planning. Their expertise is pivotal in navigating Spain's office fit out costs effectively, ensuring projects are aligned with both financial and design objectives.

By recognizing the intricate variations in office fit out and reinstatement costs across these countries, businesses can better prepare and budget for their projects. Cushman & Wakefield's dedicated team provides the expertise needed to tailor each project to specific needs, ensuring a successful outcome that aligns with both aesthetic desires and financial constraints.

Our Services

Cushman & Wakefield offers a range of services to help you create your ideal office space. We are a trusted partner for occupiers and investors managing their capital expenditure and project delivery across Spain. By providing consistent, trusted client service, we have created an excellent reputation locally, across Spain, and globally. Our experienced team can guide you through the entire fit out process from concept to completion.

Why Choose Us?

Whether you want more value from your space and a better design, or you’re an investor and your asset needs repair, a refresh or reimagining, Project & Development Services (PDS) is here for you. We know we’ve done our job when the design and construction of the space you occupy works like clockwork, or you’re thrilled by the on-time, on-budget results.

Our team has knowledge in all verticals and specializations, managing projects, programs, and development. We watch out for risk, and our processes and buying power keep costs down for you. We have a broad perspective of the real estate life cycle and align with where you are in your journey, so the result reflects your culture and goals.

Local Team Contacts

Our team is here to support you through the fit out process. Contact a regional team lead to learn more about our services and how we can help you create your ideal workspace.

 

Carlos Pueyo

Head of Project & Development Services Iberia
Barcelona, Spain

 

Óscar Fernández

Partner
Spain