If you’re looking to build a commercial building, the costs can vary widely. There are many different factors (and potential curve balls) that can affect your budget. You’ll also need to plan ahead and start saving money because it takes time to get scheduled in the permitting office. That said, every commercial building project is unique and there is no one-size-fits-all approach. Keep reading…
Commercial building construction costs vary by place and project type, such as what kind of work is done on the building, the materials used in the construction and who will do the construction. Overall construction costs account for approximately 20% of a commercial building’s total costs, according to the National Association of Home Builders.
Average cost to build a commercial building
The cost to build a commercial building will depend on a number of factors. The size, design and location of the building will all play a role in determining how much it costs to build the structure.
Commercial buildings can vary greatly in size and complexity, from small retail units to large warehouses. The average cost per square foot for commercial buildings can range from $25 to $50 per square foot depending on the type of building being constructed.
The cost per square foot is calculated by dividing the total cost of the project by the total number of square feet in the building. This figure does not include costs such as land acquisition or site preparation expenses.
For example, if a developer spends $1 million on construction costs but only has 10,000 square feet available for development, then he or she would charge $100 per square foot for this project. Commercial office space tends to be priced higher than industrial or retail space due to its high visibility and popularity among businesses looking for prime real estate locations close to their customers and other amenities such as restaurants or shopping centers.
The average cost to build a commercial building in the United States is $100 per square foot. The average cost of building a commercial office building depends on the type of construction, age and geographical location. Commercial construction costs vary depending on the geographic location, size and complexity of the project.
Small commercial buildings are typically less expensive than large ones because they contain fewer materials and fewer square feet. The average cost per square foot for small commercial buildings ranges from $50 to $80, whereas large commercial buildings can cost between $80 and $120 per square foot.
Average Cost Per Square Foot to Build a Commercial Office Building
The average cost per square foot for an office building ranges from $65 to $80, depending on the location and size of the project. Most people think that new construction costs more than remodeling but this is not always true. It depends on several factors such as:
Permit fees
Building code requirements
Materials used
Labor costs
The average cost to build a commercial building is $215 per square foot. The average size of the commercial building is 3,200 square feet. So, the average cost of building a commercial building is $617,000.
The average cost per square foot for small commercial buildings ranges from $140-$190 depending on the location and type of construction. The average size of small commercial units is 1,500-2,500 square feet and the average cost to build a small commercial unit is $140-$190 per square foot or $195-$310 per square foot.
The cost to build a new commercial unit can vary significantly depending on the location, size and type of construction but an average cost for a new unit will be between $125-$250 per square foot depending on the location and type of construction.