Market Insight: Guest Articles
Furniture Budget Pricing Matrix
by Andrew Sullivan
President,
MG West
June 2007
A successful tenant representation project begins with surrounding the tenant/Client with the appropriate experts, forming the complete Tenant-Rep Team. Team members should be comprised of the tenant-rep office leasing broker; architect/space planner; general contractor; and furniture consultant. Far too often tenants leave furniture planning to the latter part of their office space project—when it’s usually too late to avoid costly mistakes. So, bringing in a seasoned furniture professional at the outset is crucial to the ultimate success of the project. Furniture professionals, of course, sell new and used furniture…but are also available to perform inventories, furniture valuations, reconfigure-estimations as well as a myriad of physical services associated with the tenant/Client’s existing or future furnishings.
Insofar as new furniture is concerned, please see the following furniture budget pricing matrix developed as a tool for the San Francisco market. It is based on recent experience working with professional-services tenants/Clients operating within the San Francisco Financial District market. We can provide additional information for Clients outside that profile.
| High End | Mid-High End | Standard | |
| Estimated Cost per Usable Sq. Ft. | $21–$30 | $15–$20 | $12–$14 |
| Estimated Cost for 10,000 Usable Sq. Ft. | $210,000–$300,000 | $150,000–$180,000 | $120,000–$140,000 |
| Partner Office | $6,000 +/- | $4,000–$6,000 | $2,000–$4,000 |
| Associate Office | $5,000–$7,500 | $3,000–$5,000 | $1,500–$3,000 |
| Secretarial Station | $4,000–$6,000 | $2,500–$4,000 | $1,500–$2,500 |
| Administrative Workstation | $2,500–$3,500 | $2,000–$2,500 | $1,500–$2,000 |
| Executive Seating | $800–$1,500 | $650–$800 | $500–$650 |
| Task Seating | $750–$1,250 | $500–$750 | $300–$500 |
| Conference Seating | $800–$1,300 | $500–$800 | $400–$500 |
| Side Chair | $550–$900 | $300–$550 | $175–300 |
| Lounge Chair | $1,600–$2,500 | $700–$1,500 | $500–$700 |
| Boardroom Table* | $8,000 +/- | $5,000–$8,000 | $2,000–$5,000 |
| Conference Table** | $4,000 +/- | $2,000–$4,000 | $1,000–$2,000 |
| Lateral Files (cost per Lineal Inch)*** | $4.25 | $3.75 | $2.95 |
Sample of Manufacturers:
| Bernhardt | DF/m | HBF | Knoll | OFS / First Office |
| Brayton | Global | HPL Contract | National | Taylor |
| Brandrud | Halcon | Keilhauer | Nienkamper | Tuohy |
*14 Foot Veneer for High and Mid-High End, Laminate for Standard
**8-Foot Veneer for High and Mid-High End, Laminate for Standard
***Based on Metal 5-High, 36"W Lateral File
