Cost to build an industrial or commercial building
The cost per square foot on a commercial project can vary quite a bit from one project to another. This is especially true when you compare the costs of commercial projects in different areas of the country, as well as the types of commercial buildings.
Let’s take a look at the average price per square foot in commercial construction, and learn about how much it can differ depending on your project and its location.
Types of commercial construction
Commercial construction includes a wide range of building types. Essentially, commercial construction boils down to almost any project that isn’t purely residential in nature.
Common examples of commercial projects could include office buildings, malls, schools and universities, sports stadiums, hotels, entertainment venues, and parking structures.
Even apartment buildings, full of residential spaces, are considered commercial projects. Most states consider residential projects as single or multi-family structures under three or four units. States generally consider structures outside of that scope as commercial construction projects.
Factors that affect commercial construction costs
Many factors come into play when pricing out a commercial project. You have to understand the difference in locations, materials, and labor can have a huge impact on the cost per square foot. The types of buildings and finishes included will also undoubtedly reflect in the total building cost.
Location
Some areas of the country are just generally more expensive to build in. For instance, a highly desirable area in a crowded city will be more expensive to build in than a less populated area. A project in Florida can cost more than twice as much as the same project in a small midwestern town. While some of this is due to the cost of labor, much of it just has to do with the climate and precedents set by other buildings erected in the area.
Building type
The type of building you’re constructing definitely impacts the cost per square foot. For example, a basic single-story warehouse will cost much less per square foot than a high-rise office building. The high-rise will have much higher engineering and planning costs, site prep, permits and inspections, and logistical costs, all of which contribute to the cost per square foot.
Labor
One of the most significant factors in the cost of building per square foot is labor. In areas where unions are popular, the price per square footage will be significantly higher than it would be in non-union regions.
In areas experiencing booms, workers will expect to be paid quite well — or they’ll jump ship to the next contractor that will pay their price.
Average cost to build a industrial or commercial buildings
Every project is unique and industrial builds range vastly in size and complexity. However, we understand how useful a starting point for costing can be. Outlined below are some cost guidelines that refer to commercial and industrial projects with hot dipped galvanised steel framing
BUILDING TYPE | COST Per SQ. FT. |
Warehousing | $90 – $200 |
Industrial | $120 – $450 |
Retail space | $150 – $300 |
Office space | $230 – $300 |
Restaurant | $325 – $400 |
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Process To Get Industrial Buidling Cost Estimate Report
Here are the steps to get Industrial construction cost estimate report.
