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Commercial construction cost index by state Published on February 22, 2021 Due to the numerous variables involved with commercial buildings, price figures and construction costs for the average code per square foot differ greatly from state to state across the United States.
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June 2022 By Trackunit The cost of a construction project is an important aspect for anyone involved. Learn more about the construction cost breakdown with Trackunit. The area's zoning and geography also affect the construction costs per square foot. For example, earthquake-prone regions tend to be more expensive in terms of materials.
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Commercial Building Cost Guide. Commercial building construction costs can range from $80 to $375 per square foot, with a small office warehouse costing around $45,000 and a big box store costing upwards of $1MM. The final price will depend on design complexity, intended end use, level of finishing, and the geographical location of the building.
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Today we'll cover the average cost per square foot for commercial construction projects. However, these prices can change and fluctuate with the cost of materials. Cost per square foot based on building type: Single story office $250-$437 Mid-Rise Office $330-$870 High-rise Office $430-$1001 Government administrative buildings $426-$844
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The cost of materials, labor, finishes, design, and permits are just a handful of the factors affecting commercial construction costs. Labor alone can account for up to 40% of the total budget with employee wages, benefits, and training included in this line.
2022 Guide to US Building Commercial Construction Cost per Square Foot
Any cost-related construction for commercial, retail, or industrial purposes and multi-family residential development is referred to as commercial construction cost. It includes offices, medical spaces, schools, universities, malls, parking structures, etc. Foreseeing commercial construction cost breakdown is the right way to begin your project.
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Overview Chapter 1 Introduction Chapter 2 Construction Activity Chapter 3 Supply Chain Disruption Chapter 4 Labor Market Trends Chapter 5 Impact on Materials Costs Chapter 6 Implications for Construction Costs Executive Summary
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Commercial Office Space. The average cost per square foot to construct a single-story office building in the United States is $313. A mid-rise office building costs an average of $562 per square foot. On average, high-rise structures cost $660 per square foot to construct.
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On the high end, the average construction costs of a single-story commercial building are $361 per square foot, while it is $301 per square foot on the low end. The average costs range between $599 on the low end and $719 on the high end for the mid-rise office buildings.
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Industrial warehouse construction costs in the U.S. from Q4 2021 to Q1 2023, by city. Average construction costs of industrial warehouses in the United States from 4th quarter 2021 to 1st quarter.
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Construction costs, including commercial construction costs, are typically measured in cost per square foot. Location, materials, local economy and type of building all factor in. It is essential to plan and stay on top of projected costs - and to do so in cooperation with necessary parties.
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The average commercial construction cost in the United States is around $490 per square foot. However, the price can range from as little as $70 to over $1,000, depending on the building type and location.
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Commercial Construction Cost Breakdown Construction Costs for Corporate Interior Build-Outs BASIC OFFICE SPACE: $51 TO $61/SQUARE FOOT MID-RANGE OFFICE SPACE: $65 TO $80/SQUARE FOOT EXECUTIVE OFFICE SPACE: $96 TO $157/SQUARE FOOT FURNITURE: $28 TO $80/SQUARE FOOT ($20 TO $70/SQUARE FOOT IN 2018) FITNESS FACILITY: $155 TO $210/SQUARE FOOT
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Use our construction cost calculator to quickly estimate new construction costs on over 50 building types.
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Estimate commercial construction cost per square foot with examples of a variety of square foot cost models from RSMeans Data Online.
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Overall, the price of materials and components for construction registered a 1-month increase of 0.6 percent in July 2021 and a 20-percent increase from a year earlier. Here's a chart showing a little longer history, separately for materials and components. The prices of both changed little during 2019 but surged upward later.
