Renovating an office space can be a very stressful experience, but it’s not without its rewards. In fact, a freshly renovated office space can work wonders for company morale, thus boosting productivity across the board. But of course, one of the biggest considerations before going ahead with such a big project is: how much is it going to set you back?
In this article, we’re going to take a look at some averages in Australia, with a focus on Sydney, Melbourne, Brisbane and the Gold Coast, and Perth. Please note that the numbers offered up in this article are purely averages – many of which are estimations. As such, you shouldn’t take this as gospel.
In order to help you get a much clearer idea of what to expect, we’ll include a price guide. This will be instrumental in determining which factors can influence the overall cost of an office renovation project. In any case, we cannot overstate the benefits that a quality office renovation can bring. So, let’s get to it!
So, let’s begin with a quick look at the average costs for office renovations in Australia in general:
What about the average cost for office renovations in Sydney? This largely depends on where in Sydney your office is located. If you’re right in the heart of the central business district it is likely to be higher. In fact, Sydney is more likely to ask for a higher price per square metre than most other states in Australia.
For higher market renovations, you can expect the cost per square metre to be closer to the $2k mark.
And what about Brisbane?
As you can imagine, there won’t be a huge amount of variation between Brisbane and the Gold Coast, given their proximity. It all really depends on the company that you choose, the precise location of your office, and the level of quality in which you are looking for.
The average cost of an office renovation project in Perth tends to be on the cheaper side when compared to other states in Australia, but that’s not always the case. Again, many factors can influence the overall cost.
As mentioned throughout, the numbers offered here are merely averages and estimations. If you want an accurate quotation for an office fitout / renovation in the Gold Coast, for example, you do need to consult with a company that specialises in professional office fitouts in the Gold Coast.
Either way, these are some price indicators to give you a roundabout idea:
You should also add at least 10 to 20% of your budget on top. Consider it a backup plan if anything goes wrong (which things invariably do). It’s not uncommon for businesses to end up overspending on a project, so having the funds available and being prepared for such an eventuality will make it sting less in such an event.
We hope that you have found this article helpful. Again, its purpose wasn’t to give you an exact figure on your office renovation, but some insight into the kind of things that can impact the overall cost.
For the most accurate estimation, find a reputable office renovations company and start discussing ideas and drawing up some plans together,
Either way, it’s going to take a fairly sizeable investment. That said, when there are so many practical advantages to having an office renovated – namely boosting morale and improving the overall workplace culture. All of these benefits when coupled together can bolster the productivity of your business and perhaps one day soon, you’ll say a sizeable return on your investment.