Connected
Integrated construction specialist for high-performance spaces
Early-stage budget guidance

Workplace Fit-Out Budget Explorer

225 Park Avenue South, New York  ·  98,879 RSF  ·  Tier 1 market

An indicative planning tool to test how workplace typology, quality, building factors, and contingency shape an order-of-magnitude budget. Dollar levels set from current (2026) New York benchmarks. All figures on a rentable-square-foot (RSF) basis.

1 — Workplace typology
2 — Quality level
3 — Project & building inputs
RSF
Building factors — 225 Park Avenue South
Connected’s project-specific adjustment, informed by our on-site assessment of 225 & 233 Park Avenue South. Refined as design and scope develop.
Adjustment to benchmark+7%
−15%+25%
  • Two connected buildings (225 & 233)
  • Mixed floor heights
  • Building-transition coordination
  • Supplemental cooling for density
  • MEP capacity / power
  • Core restroom upgrades
  • Landlord-delivered demolition
  • Open-shop labor market
  • Recent base-building upgrades
  • Freight & loading logistics
%
$base
$bath
Estimated budget
Benchmark costHybrid · Medium
Building factors225 PAS · +0%
Owner contingency5% · all-in
Total project cost
Less: landlord TI allowance$160/RSF
Estimated tenant contribution

Cost composition

Benchmark fit-out split into cost categories (before building factors & contingency), for the selected typology & quality.

Where this sits — benchmark range at selected quality

Typology benchmark (selected quality) Your building-adjusted cost

Benchmark basis

All-in fit-out cost ($/RSF), New York, current 2026 levels — by workplace typology and quality. Selected cell highlighted.

TypologyLowMediumHigh
Open / Progressive
Hybrid / Team-Based
Traditional / Enclosed
How to use this

This explorer offers indicative, early-stage budget guidance to support planning conversations. It is not a quote, estimate, or commitment. Figures reflect design typologies and market benchmarks; they are not yet tailored to a specific design, base-building condition, or scope.

The next step is ours: Connected, in partnership with Perkins+Will, translates these benchmarks into a budget built around Reflection’s actual space and project at 225 Park Avenue South, grounded in a test-fit, real building conditions, and competitive pricing.

Methodology. Typology and quality structure are adapted from typical workplace design taxonomies. Dollar levels are benchmarks for the New York market, independently corroborated by the sources mentioned in the footer. The building-factors adjustment reflects Connected’s project-specific assessment.

Connected
The better way.

Workplace Fit-Out Budget — Indicative Guidance

225 Park Avenue South, New York  ·  98,879 RSF  ·  Tier 1 market

Estimated budget
Benchmark cost
Building factors
Owner contingency
Total project cost
Less: landlord TI allowance
Plus: move costs
Estimated tenant contribution
Benchmark basis — all-in fit-out cost ($/RSF), New York (2026)
TypologyLowMediumHigh
Open / Progressive
Hybrid / Team-Based
Traditional / Enclosed
Mark Druckenmiller  ·  Connected
Mobile +1 973-396-7745  ·  mark.druckenmiller@connectedworkplaces.com
Indicative, early-stage budget guidance — not a quote, estimate, or commitment. Typology/quality structure adapted from JLL and CBRE design taxonomies; dollar levels from Turner & Townsend 2026 New York benchmarks, corroborated by CBRE 2024 and bounded below by Cushman & Wakefield 2026. All-in scope: construction, FF&E, audio-visual, professional fees. Excludes base-building / landlord (CAT A) work, taxes, permits, and tenant-specific specialty scope. Building-factor adjustment reflects Connected’s project-specific assessment. Connected, with Perkins+Will, will tailor a budget to Reflection’s space and project. Confirm with a test-fit and competitive pricing before committing budget.