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Keep up to dateInner London | 1.11 |
Outer London | 1.08 |
South-east | 1.00 |
South-west | 0.98 |
East Midlands | 0.92 |
West Midlands | 0.94 |
East Anglia | 0.95 |
Yorkshire and Humberside | 0.94 |
North-west | 0.91 |
Northern | 0.97 |
Scotland | 1.01 |
Wales | 0.98 |
Northern Ireland | 0.76 |
The costs are, unless otherwise noted in the text, appropriate for projects in the South-east and should be adjusted by the following location factors for schemes in other regions |
Ìý | Unit cost £/m2 (gifa) |
Airport terminal | 2,500 3,000+ |
Note: the costs of baggage handling and other specialist equipment are excluded |
ºÚ¶´ÉçÇø size | cost range £/m2 (gifa) |
Up to 10,000 | 350 700 |
10-20,000 | 300 450 |
20-40,000 | 250 320 |
40-60,000 | 250 300 |
60,000+ | 240 290 |
Note: costs are based on an average UK location and include external works and services. Costs of distribution centres vary in cases where a client has access to a national supply chain |
Shell-and-core | £/m2 (gifa) |
City and West End – high quality, speculative, less than 150,000ft2, less than eight storeys, A/C | 1,900 2,700 |
City and West End – high quality, speculative, greater than 150,000ft2, eight-to-20 storeys, A/C | 1,830 2,350 |
City and West end – iconic, speculative office tower, A/C | 2,700 3,550 |
Note: costs are for developments completed to shell-and-core only, based on City of London location |
Ìý | Unit cost £/m2 |
Data centre, fully fitted-out to provide tier 3 resilience | 14,000 18,000 |
Note: figures are based on the floor area of technical space, not gross internal floor area |
Current construction costs | City/West End £/m2 (nia) | Out of town £/m2 (nia) |
Developers fit-out, general office area | 400 500 | 300 400 |
General office – open plan | 600 700 | 400 550 |
General office – part cellular | 800 1,000 | 600 800 |
Senior executives | 900 1,200 | 700 1,000 |
Conference suites | 2,500 2,750 | 2,000 2,500 |
Sub-equipment room | 2,000 2,500 | 1,750 2,250 |
Restaurant | 1,750 2,250 | 1,500 2,200 |
Kitchen | 2,500 3,000 | 2,250 2,900 |
Note: indicative costs for fit-out of office space from shell-and-core condition to Category A. Costs for City/West End are based on central London location. Costs for out-of-town are based on a South-east location. Main contractor preliminaries included at 5-8%, based on a lump-sum contract. Specific exclusions: furniture, IT wiring and equipment, security, audiovisual equipment and relocation costs; general exclusions also apply |
Ìý | Unit size £/m2 (gifa) less than 2,000m2 | Unit size £/m2 (gifa) more than 2,000m2 |
Functional, non-A/C | 800 1,000 | 750 950 |
Medium quality, non A/C | 950 1,150 | 900 1,100 |
Medium quality, A/C | 900 1,250 | 1,000 1,200 |
Good quality | 1,050 1,250 | 1,000 1,200 |
High quality, A/C | 1,200 1,450 | 1,150 1,400 |
Note: costs include category A fit-out only |
£/m2 (gifa) | |
Minor refurbishment | 275 760 |
Medium refurbishment | 760 1,350 |
Major refurbishment | 1,350 1,950+ |
Note: includes Category A fit out |
Ìý | unit cost £/m2 (gifa) | unit cost £/m2 (gifa) |
Department store fit-out | 1,100 | 2,400 |
Ìý | unit cost £/m2 (gifa) | unit cost £/m2 (gifa) |
Shell | 400 | 700 |
Supermarket fit-out | 900 | 1,200 |
Note: costs include back-of-house areas. The fit-out costs include all display and refrigeration units, check outs and IT systems |
Current construction costs | unit cost £/m2 (gifa) | unit cost £/m2 (gifa) |
New-build shopping centre | ||
Mall - comfort cooled | 3,000 | 4,000 |
Retail shell – anchor tenant, capped off services | 800 | 1,200 |
Retail shell – small/medium unit, capped off services | 800 | 1,100 |
Public WCs | 2,000 | 3,000 |
Centre management | 1,800 | 2,600 |
Landlord’s back of house and service corridors | 1,400 | 1,900 |
Basement service yard | 1,400 | 1,800 |
New build factory outlet centre | Ìý | Ìý |
Retail units – enclosed mall | 2,300 | 3,000 |
Retail units – open mall | 500 | 800 |
Current construction costs | £/seat |
Basic stand; WCs and concession areas only | 700 1,000 |
Regional stadium; WCs, concession areas and limited hospitality | 1,200 1,800 |
Regional feature stadium; changing rooms, offices, retail/hospitality areas and conference facility | 1,600 3,500 |
National/iconic; full facilities including retail, hospitality and conference | 3,500 5,000 |
Indoor arena with permanent ice pad and podium parking | 5,000 7,000 |
Note: Estimating the construction costs of stadiums and grandstands should be based on a clear understanding of the cost drivers of a specific scheme. There are many developments variables which may not directly be affected by the number of seats. These include: type of sport played, tier arrangement, roof structure, sightlines, building footprint and provision of additional space for hospitality/community use. Estimates prepared on a cost-per-seat basis without taking into account these variables could be inaccurate |
Current construction costs | Average gross floor area / room m2 (gifa) | unit cost £/m2 (gifa) £000s / bedroom |
Luxury city centre, multistorey, conference, wet leisure facility | 70 120 | 2,100 2,900 150 300 |
Mid-range town centre 4-6 storeys, conference and leisure facilities | 50 80 | 1,500 2,300 80 130 |
Budget city centre – new build, 4-6 storeys, dining and bar facilities | 30 45 | 1,200 1,500 40 65 |
Note: Costs inclusive of furniture, fittings and equipment but exclusive of operating equipment |
Current construction costs | unit cost £/m2 (gifa) | indicative areas m2 (gifa) |
Dry leisure centre | 1,200 1,700 | 1,000 1,500 |
Wet and dry centre | 1,800 2,500 | 4,500 9,000 |
Swimming pool 25m | 1,800 2,800 | 1,800 2,500 |
Swimming pool 50m | 3,000 4,000 | n/a n/a |
Out-of-town health and fitness club (shell and fit-out, including pool) | 1,500 2,500 | 3,200 4,200 |
Ìý | unit cost £/m2 (gia) |
Affordable residential apartments (Inner-London location, mixed-tenure development, frame construction, rainscreen cladding with punched windows, basic finishes and LTHW heating) | 1,500 1850 |
Mid-range private residential apartments (Inner-London location, single tenure development, mid-rise frame construction, rainscreen cladding with punched windows, medium-quality finishes LTHW heating with centralised services) | 1,650 2,350 |
High-quality mid-rise private residential apartments (Inner-London location, single-tenure development, frame construction, multiple core, unitised curtain walling, high-quality finishes, comfort cooling, underfloor heating, centralised services) | 2,000 2,500 |
High-quality high-rise private residential apartments (Inner London location, single-tenure development, framed construction, multiple core; unitised curtain walling; high quality finishes; comfort cooling; under floor heating; centralised services) | 2,200 3,000 |
Prestige quality multistorey private residential apartments (Inner London location; Single tenure development; framed construction; multiple core, high-quality stone and glass unitised curtain walling, luxury quality finishes, comfort cooling, underfloor heating, centralised services) | 2,700+ |
Note: LTHW is low temperature hot water |
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