Commercial Building Renovation Cost Estimator

Your budget requirements often boil down to commercial renovation cost per square foot. Unfortunately, costs can vary wildly depending on the project details. Nonetheless, experience indicates certain average costs. Generally, you should expect to pay $130 to $250 per square foot for new construction. Furthermore, your cost for commercial remodeling will probably run about $60 to $180 per square foot.

A commercial remodeling or building renovation project is both exciting and a bit worrisome. You might be a business owner looking to expand or modernize your store space. Alternatively, you might be a developer or investor who sees the enormous potential in renovating tired, run-down or out-of-code properties.

Frequently Asked Questions ( FAQs)

How much does it cost to add an office?

Building a custom home office ranges between $15,500 and $80,400 or $120 to $560 per square foot. That includes the basic remodeling or building costs for the space and any of the above renovations.

How much does renovation cost in USA?

The average cost to completely renovate a house is $15,500 – $203,000. Depending on the characteristics of the build, the price can change drastically. The final price tag typically depends on any structural or mechanical repairs, square footage, underlying issues, location and materials used.

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What's the difference between a renovation and a remodel?

Essentially, the difference between them is that a renovation refers to restoring something to a previous state, while a remodel refers to creating something new.

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Can you renovate a house with 50000?

It is possible to renovate parts of your property for less than $50,000, depending on the location it is in, the rooms you choose to renovate, and the cost of materials and labor. If you’re comfortable working with your hands, you will be able to decrease these costs significantly.

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Commercial Construction And Renovation

Building renovations vary in complexity. Specifically, some are only skin-deep, while others require changes that go down to the core structure. Unsurprisingly, your costs will directly depend on the renovation’s scope. Obviously, to get a handle on the size of the project, you need to do preliminary planning and work.

Preliminary Work For A Commercial Building Renovation

If you already own a commercial space, either as a landlord or as a business owner, you probably already have a handle on some preliminary work for commercial remodeling. But, if you are an investor looking for suitable properties to buy, you have much preparation work to do, including:

In a commercial renovation, the CO (Certificate of Occupancy) will tell you whether the property meets applicable building codes. Specifically, the list of violations, often available online, will reveal much about the scope of the work. For example, a tall abandoned building that needs extensive asbestos remediation is a bigger project than one that doesn’t.

When it comes to estimating your cost of renovation, there is no standard rule of thumb or average cost. Prices can vary based on a number of factors including construction cost, labor costs or any other additional costs. You could be paying less than $30 per square foot to well over $300 per square foot. There are also a number of unforeseen factors that can come into play and increase your costs.

The best way to get a sense of how much your project will cost is by looking at the specific cost factors of your renovation.

The Cost Factors

There are a number of factors to take into consideration when you’re estimating your commercial renovation. Here’s what you need to know about each factor.

Location

Location, location, location. The price of a renovation can wildly vary depending on your location. If you’re in New York City, then unsurprisingly your renovation will cost a lot more than if you were in midwestern towns. This is due to the fact that things like land prices, labor, materials and building code regulations can hugely vary. This can be by as much as 70% based on the location of where the renovation is taking place.
Building Codes

Building codes and local ordinances change state by state, and city by city. They are also constantly changing and evolving. So be sure to understand the building codes of the property you want to renovate so that you don’t fall into any problems further down the road.
Building Use

Whether you are renovating your own house or doing a commercial renovation project, the price per square footage varies wildly. Obviously, the more advanced the renovation is the more it will cost. If you are renovating a standard warehouse, it will most likely be on the lower end of the price-per-square-foot scale.
Building Labour and Materials

Whether you are renovating your own house or doing a commercial renovation project, the price per square footage varies wildly. Obviously, the more advanced the renovation is the more it will cost. If you are renovating a standard warehouse, it will most likely be on the lower end of the price-per-square-foot scale.

Commercial Building Flooring Renovation Cost Per Square Foot

Cost: $4-$18 per square foot

The cost of flooring will vary greatly and depend on a number of factors including the size of your office as well as the material you choose to work with. There are plenty of flooring materials suitable for offices that won’t break the bank and this includes vinyl tile, concrete or certain types of wood. Lower-end materials will run you between $4 and $10 per square foot. If you’re considering an option that’s environmentally friendly or on the higher end of the price point, such as hardwood, cork, ceramic or bamboo, these materials might cost up to $13-18 per square foot.

Commercial Building Renovation Cost According Building Types

The commercial building renovation costs also vary by their intended use. Renovating a medical storage facility will cost more than a warehouse building in an office. Here’s a table of the estimated cost range for various commercial building renovation projects below.

Building Type	Cost per square foot
Multi-story building	$550 – $1200
Single-story building	$330 – $485
Hospital or medical office	$470 – $1300
Government office space	$495 – $1020
School and educational space	$345 – $756
Public space (Gymnasium, police stations, art center	$533 – $932
Warehouse or factory	$244 – $735

Office Building Renovation Cost

The overall costs of your office building renovation will come down to the specifics of what you’re looking to do. With this in your mind, it’s important to determine what exactly you’re hoping for by taking on this office building renovation. Before launching this project, you should answer these vital questions:

Are you moving to a new location or are you renovating an existing one?
Is the location you’re renovating changing functions (i.e. was it always an office?)
What are the needs and requirements of your business?
What is the main purpose of the renovation? (cosmetic, size, spatial configuration, etc)
Do you own the building or are you a tenant?

The last one on our list of questions is very important, as certain building renovation costs may be covered by the landlord of the building, including cosmetic fixes, new walls or fixtures, and so forth. If you’re moving into a new space, these costs are generally worked out before you sign the lease. Another note to think about is the age of that office building.

If you’re renovating an older building, it’s likely to end up costing more. Not to mention you may find things you were not expecting, such as mold or mildew growth, hidden behind walls. Although this may be quite a headache upfront, it’s best to deal with these things as soon as possible.

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Process To Get Commercial Building Renovation Cost Estimate Report

Here I am going to share some steps to get your commercial building renovation cost estimate report.

You need to send your plan to us.

You can send us your plan on info@estimatorflorida.com
You receive a quote for your project.

Before starting your project, we send you a quote for your service. That quote will have detailed information about your project. Here you will get information about the size, difficulty, complexity and bid date when determining pricing.
Get Estimate Report

We do interior commercial building renovation cost estimating and prepare a detailed report for your project. At last you finalize the report and finish the project.