3. How Much Does Furniture
Cost?
There are two ways to approximate costs
• Per Square Foot:
– Furniture costs approx
$15-$30 per sq. ft.
• Per Person:
– Furniture costs approx
$3,000-5,000 per person
5. Corporate relocation to Short Hills,
NJ. Bollinger leased 60,000 sq. ft. at
the Reckson property at 101 JFK
Parkway.
6. Location:
101 JFK Parkway
Short Hills, NJ 07078
Rentable sq ft: 60,000
Furniture sell price: $1.3 million
Manufacturers:
•Herman Miller
•Geiger
•Harter
•Bright
•Bernhardt
•Fixtures
Total population of the project:
•218 workstations
•29 new private offices
•7conference rooms
7. Cost per square foot:
$21.66
Cost per person:
$5,300
Square footage per
employee:
243 sq. ft.
8. BP Castrol renovated their existing
Wayne, NJ facility. Systems
furniture workstations were
provided for 280 people. There
were no private offices. 36
conference / group meeting areas
were created using systems
furniture.
9. Location:
1500 Valley Road
Wayne, NJ 07470
Rentable square footage: 55,000 sq. ft.
Furniture sell price: $1.4 million
Manufacturers:
•Herman Miller Ethospace
Total population of the project: 280
10. Cost per square foot:
$25.45
Cost per person:
$5,000
Square footage per
employee:
179 sq. ft.
11. Accenture had a lease that was expiring in Murray Hill
along with the closing of a Parsippany location. They
were out looking for space to merge the locations
without disrupting current consulting projects.
Through the creative use and application of the 120
degree angled Herman Miller Resolve system, we
increased the headcount by 33% in the Murray Hill
location.
This allowed Accenture to renew the lease (not
disrupting projects) and avoid the relocation and
merger of two existing locations. This office is now a
flag ship "solution center" or sales office for
Accenture as the layout and image shows their
forward thinking.
12. Location:
5 Spring Street
New Providence, NJ 07974
Rentable square footage: 24,500
Furniture sell price: $728,695
Manufacturers:
•Herman Miller Resolve
•Herman Miller Aeron Chairs
Total population of the project: 252
13. Cost per square foot:
$29.74
Cost per person:
$2,888
Square footage per
employee:
97 sq. ft.
14. Project began with LabVantage considering a fully
furnished space. For a multitude of reasons, the
project fell through and the client opted to take space
in a building where bfi had done a furniture project in
the recent past.
With access to a complete set of architectural
drawings, bfi was able to maximize existing
construction and specify a very economical furniture
solution.
“You were so essential to our stepping
into our new space within our
challenging time line, within our limited
budget, and in such an excellent state of
readiness.” – Fred DaVeiga, CFO
15. Location:
1160 Route 22 East
Bridgewater, NJ 08807
Rentable square footage: 15,701
Furniture sell price: $231,499
Manufacturers:
•Herman Miller AO2
•National Casegoods (Laminate)
Total population of the project: 69
16. Cost per square foot:
$14.71
Cost per person:
$3,355
Square footage per
employee:
228 sq. ft.
17. Benjamin Moore was looking to move
their 92,000 sq. ft. corporate
headquarters within Bergen County.
After being an Ethospace user for more
than 20 years, Benjamin Moore did not
want to settle for any other furniture
system.
Although bfi could offer less expensive
refurbished product, Herman Miller was
able to offer aggressive pricing and
warranties that was of a far better value.
18. Location:
101 Paragon Drive
Montvale, NJ 07645
Rentable square footage: 92,000
Furniture sell price: $1.3 million
Manufacturers:
•Herman Miller Ethospace
Total population of the project: 366
19. Cost per square foot:
$14.13
Cost per person:
$3,552
Square footage per
employee:
251 sq. ft.
20. Franklin Credit moved from 3 separate locations in
NYC
BFI developed detailed documentation of all space
requirements
BFI applied space requirements to 3 separate
locations in Jersey City allowing client to thoroughly
analyze which space worked the best spatially as well
as financially.
New space required construction of Reception Area,
Board Room, Conference Rooms, Employee Lounge
and Training Room, based on design layout and
development by BFI.
Overall aesthetic is defined as a clean-lined
architectural space with a very light overall feeling.
21. Location:
101 Hudson Street
Jersey City, NJ 07302
Rentable sq ft: 27,000
Furniture sell price: $900,000
Manufacturers:
•Herman Miller Resolve
•Herman Miller Passage
•Nucraft
Total population of the project: 184
22. Cost per square foot:
$33.33
Cost per person:
$4,891
Square footage per employee:
147 sq. ft.
23. Pharmagistics is a rapidly growing sales,
marketing, and logistics company,
providing integratable sales support,
marketing support, sample accountability,
third-party logistics, and contract sales
services to pharmaceutical,
biopharmaceutical, medical device and
healthcare companies.
The move to two floors at Cottontail Lane
was an expansion housing for 88 people.
24. Location:
1600 Cottontail Lane
Somerset, NJ 08873
Rentable sq ft: 19,000 sq. ft.
Furniture sell price for entire job: $302,173
Manufacturers:
•Maispace
•National
•Sit-on-it
Total population of the project: 88 people
25. Cost per square foot:
$15.90
Cost per person:
$3,434
Square footage per employee:
216 sq. ft.
26. Relocation of four units of space in an
industrial building to a one-story Class A
building in Rockaway. The building has
been designed with an open floor plan
with minimal drywall offices and
ancillary space. All drywall has glass
fronts to let in the light from outside.
The office space has 18' high ceilings
with exposed structure, and skylights.
The space has a second floor
mezzanine overlooking the creative
department.
27. Location:
25 Green Pond Road
Rockaway, NJ 07866
Rentable square footage: 70,000 sq. ft.
Furniture sell price: $1.6 million
Manufacturers:
•Herman Miller Ethospace for Systems Furniture
•Geiger Int'l for Executive Management
•DarRan for all other Management offices
•Herman Miller seating in workstations and private offices
•Gunlock guest seating in private offices.
Total population of the project: 284
28. Cost per square foot:
$22.85
Cost per person:
$5,633
Square footage per
employee:
246 sq. ft.
29. Rhodia gave up a campus setting
to consolidate into a single building
location that produced significant
rent savings.
Rhodia Inc. is the North American
unit of Rhodia Group, one of the
worlds leading specialty chemical
companies.
30. Location:
Cedar Brook Corporate Park
Cranbury, NJ 08512
Rentable square footage: 90,000 sq. ft.
Furniture sell price: $1,124,723
Manufacturers:
•Pre owned workstations
•Office Master Seating
•Dar Ran Private Offices
Total population of the project: 444
31. Cost per square foot:
$12.50
Cost per person:
$2,533
Square footage per
employee:
203 sq. ft.
32. Relocation of the entire USA corporate
headquarters to a new building in
Woodcliff Lake, NJ for Eisai Inc. The
project was for approximately 500 and
consisted of over 300 workstations and
more than 200 private offices.
Eisai is a human health care company
seeking innovative solutions in disease
prevention, cure and care for the health
and well-being of people worldwide.
33. Location:
Woodcliff Lake, NJ
Rentable sq ft: 208,911
Furniture sell price: $5,284,319.
Manufacturers:
• Herman Miller Vivo Workstations
• Geiger Private Offices
• Geiger Tablet wood casegoods
• Herman Miller Aeron desk chairs
• Geiger wood guest chairs
Total population of the project: 542
• 331 workstations
• 211 private offices
34. Cost per square foot:
$25.29
Cost per person:
$9,750
Square footage per
employee:
385 sq. ft.
35. A long-time leader in green building
methods, The National Audubon Society
sought PLATINUM LEED™ certification
for their new National Headquarters in
Manhattan.
The new workspace functions as a model
for National Audubon Society's
environmental mission to 'protect and
restore vital ecosystems, and to ensure
the healthy environment for people,
wildlife, and the earth's natural resources'.
36. Location:
225 Varick Street
7th floor
NY, NY 10014
Rentable sq ft: 25,000 sq. ft.
Furniture sell price for entire job: $684,400
Manufacturers:
•Herman Miller
•Brayton
•Bernhardt
•Davis
•ICF
Total population of the project: 112 people
37. Cost per square foot:
$27.38
Cost per person:
$6111
Square footage per
employee:
223 sq. ft.
38. The Dalegroup, a large insurance agency, had
experienced unprecedented growth, resulting in
overcrowded conditions and people working
from home. There was simply no space left in
the building they occupied and the reality was
that they had to double in size. They could not
move too far away because much of their work
force lived locally. In addition, their ownership
wanted a well designed new facility that
showcased their success and the quality of their
work. This required an architectural design and
build out package that far exceeded the building
standard offerings typical of the Florham Park
area. They also wanted their new furniture to
support this high end aesthetic but, still maintain
an emphasis on productivity and functionality
39. Location:
30A Vreeland Road
Florham Park, NJ
Rentable square footage: 10,400 sq. ft.
Furniture sell price: $367,000
Manufacturers:
•Herman Miller Vivo systems
•Humanscale seating and computer accessories
•First Office middle manager offices
•OFS conference rooms
•Davis and Nucraft boardroom
•HBF and Bernhardt senior level offices and reception
casegoods
•Neocase mailroom
•Great Openings filing and storage towers
•Krug and Keilhauer reception seating and tables
Total population of the project: 66
40. Cost per square foot:
$35.29
Cost per person:
$5,560
Square footage per
employee:
157 sq. ft.
41. Appaloosa Management LP
Appaloosa Management’s lease was expiring
and they wanted to move to a more upscale
building in a more prime location. They settled
on one of the most premier buildings in the state
and wanted a furniture solution that went along
with the high end traditional built environment
their architect created for them. This was class A
space and the furniture had to be the same.
Highly functional work stations and private
offices had to exude the prestige and
permanence this leading hedge fund was
looking for. The conference rooms and public
spaces exuded success with their unique design
details and the furniture for these spaces came
from Kittinger, a manufacturer that provides
furniture for the White House and the Capital
Building.
42. Appaloosa Management LP
Location:
51 JFK Parkway
Short Hills, NJ
Rentable square footage: 6,850 sq. ft.
Furniture sell price: $452,000
Manufacturers:
•Herman Miller
•Geiger
•Baker
•Cabott Wren
•Councill
•Humanscale
•Neocase
•Kittinger
Total population of the project: 80
43. Appaloosa Management LP
Cost per square foot:
$65.98
Cost per person:
$5,650
Square footage per
employee:
86 sq. ft.
44. Diagnostica Stago, Inc. renovated and
created a new state-of-the-art Training
Center at their US headquarters in
Parsippany, NJ. The project included
multiple rooms for simultaneous training, as
well as a large conference/event room and
dining area. Stago also constructed new
office space with new workstations to
accommodate expansion in the sales,
marketing and administrative departments
and new conference rooms. The private
offices were majority of existing furniture
with some fill in where needed.
45. Location:
5 Sylvan Way
Parsippany, NJ
Rentable square footage: 34,800
Furniture sell price: $429,450
Manufacturers:
•Herman Miller
• OFS
•Zoom Seating
•Fixtures Furniture
•National Office Furniture
•Sit on It
Total population of the project: 102
46. Cost per square foot:
$12.34
Cost per person:
$4,210
Square footage per
employee:
341 sq. ft.
47. Summary
Cost per sq. ft.: Cost per person: sq. ft. per person:
Bollinger $21.66 $5,300 243
BP Castrol $25.45 $5,000 179
Accenture $29.74 $2,888 97
LabVantage $14.71 $3,355 228
Benjamin Moore $14.13 $3,552 251
Franklin Credit $33.33 $4,891 147
Pharmagistics $15.90 $3,434 216
Party City $22.85 $5,633 246
Rhodia $12.50 $2,533 203
Eisai $25.29 $9,750 385
Audubon $27.38 $6,111 223
Dale Group $35.29 $5,560 157
Appaloosa $65.98 $5,650 86
Stago $12.34 $4,210 341
48. Summary
Average
Cost per square foot: Cost per person: Square footage per person:
$25 per square foot. $4,848 average 214 sq. ft.
There are two ways to
approximate costs
• Per Square Foot:
• Furniture costs approx
$15-$30 per sq. ft.
• Per Person:
• Furniture costs approx
$3,000-5,000 per person
Appaloosa Management LP
49. Detailed Estimate
Giles Communications
Rentable Sq. Ft.: 5,921
No. of Employees: 29
Actual cost: $135,365.
Cost per square foot:
$22.80
Cost per person:
$4,655.00
Square footage per
employee:
204 sq. ft.
50. Giles Communications
Rentable Sq. Ft.: 5,921
No. of Employees: 29
Actual cost: $135,365.
Cost per square foot:
$22.80
Cost per person:
$4,655.00
Square footage per
employee:
204 sq. ft.
51. Giles Communications
Rentable Sq. Ft.: 5,921
No. of Employees: 29
Actual cost: $135,365.
Cost per square foot:
$22.80
Cost per person:
$4,655.00
Square footage per
employee:
204 sq. ft.
52. Conclusion
• There are two ways to approximate costs:
– per square foot & per person
• Your furniture advisor can quickly and accurately project
your furniture costs.
• Early involvement of your furniture advisor can result in
practical and innovative space solutions for your client.
53. The End
For more information contact us at: 908-355-3400
www.bfionline.com
