2022 Guide to US Building Commercial Construction Cost per Square Foot
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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Commercial construction costs per square foot: Breakdown by region Commercial cost per square foot in the Eastern US Commercial costs per square foot in the Western US Commercial costs per square foot in the US Midwest Commercial costs per square foot in the Southern US Commercial building cost per square foot: Breakdown by building type
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Commercial construction is one of the essential industries in the modern economy. It is a lucrative business with good profit for contractors with longstanding experience in the industry. However, due to the ongoing shortage of skilled labor and resources, the industry is facing an uptick in construction rates.
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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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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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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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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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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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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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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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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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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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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.
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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.
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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.