How much does an office fitout cost?

With hybrid working on the rise many businesses are assessing whether their current office meets their needs. But with money on all our minds at the moment, it might be hard to justify the cost of an office fitout. The good news is a new office could be cheaper than you think! In this blog post, we share our top tips for planning an affordable office fitout.

Office fitout benefits

The cost-of-living crisis is making us all watch our finances a little more closely. While many businesses have aspirations to upgrade their office to make it more hybrid-friendly, they are understandably worried about the potential outlays. That being said, an office fitout might not cost as much as you think. In fact, it can actually save you money in the long run by bringing about a whole host of business benefits. These include:

• Increased productivity – create a workspace that truly meets the needs of your teams and watch your business productivity and performance soar.
• Improved recruitment – with competition for talent getting ever fiercer, a great office can help you stand out from the crowd.
• Design that lasts – invest in quality now and you won’t need to make fixes further down the line. There’ll be less office maintenance and upkeep too.

Affordable office fitouts

While an office fitout will inevitably end up costing your business money initially, you’ll often find that it’s an investment in your company that pays itself back over time. There are plenty of ways you can bring the cost down too:

Plan for the future

Planning an office refit can be exciting, but it can also be daunting if you’ve never done it before. To make sure it is worth the investment, you’ll want to ensure that any changes will stand the test of time. Take a little time to forecast how much space you’ll need over the next few years and how you might want to use it. Being clear on your requirements from the start will also help you to better establish the costs you’ll need and keep you on track.

Get a reliable estimate

If you’re in the early stages of planning and want to see whether your project is affordable before you progress, getting a reliable estimate can really help. Our new office fitout cost calculator is a great way to get an indicative cost quickly and without obligation. To use it, you’ll need to know the estimated size of your space and have a basic understanding of your requirements. We’ll then email you with estimated costs for three different standards of finish based on the information you provided.

It is worth bearing in mind that an estimate, no matter how reliable, is just an approximation. Every office design and fitout project is different and the cost can vary depending on a range of different factors. If you are looking for an exact cost the best thing to do is to get in touch with an office design and fitout specialist for a detailed discussion.

Financing your fitout

Once you have an idea of costs, you can start to look for potential cost reductions. Speak to your finance team or financial advisors about savings opportunities and finance options.

There’s still time to make the most of the super deduction tax break too. For expenditure incurred until the end of March 2023, companies can claim 130% capital allowance on investments such as office furniture and fitout. This means that every qualifying pound invested will result in a 25p tax saving.

Find a partner

Working with an office design and build partner can also help to save you money in the long term. They’ll be able to identify cost savings along the way and spot pitfalls before they happen. When searching for a potential partner, confirm they can provide the full range of services you need. Manage multiple contracts can increase costs, timescales and stress levels! They should also be able to provide examples of previous projects that are similar to yours.

Next steps for your office fitout

An office fitout isn’t just an investment in your building, it’s also an investment in your people and your brand. If you’re ready to take the next steps, get in touch for an informal discussion to see if we are the right partner for you.