The average cost of a three-star hotel on the lower side is $489, while the cost shoots up to $604 on the higher side. are also expensive, ranging between $461 on the lower end and $554 on the higher end.
The neighborhood strip centers average high and low costs of $371 and $309 per square foot. High-rise buildings are the most expensive, with highs and lows of $827 and $688, respectively. The average costs range between $599 on the low end and $719 on the high end for the mid-rise office buildings. 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. Eastern U.S.Ĭomparing the figures in the cities such as New York, Washington, Boston, Philadelphia, and Raleigh Durham, we have developed the average construction cost estimates per square foot in Eastern U.S. Below is a breakdown of the construction costs within various regions in the U.S. The local jurisdictions have different construction cost permits when it comes to the construction of commercial buildings. Buildings located in cold climates may need design considerations to factor in the massive snow volumes, which considerably drive up the costs. Another location factor affecting prices is the climate.
Places like New York top the charts as the most expensive city to build in. It affects up to 70% of the overall construction costs. Location is a significant driving factor for construction costs as they vary from State to State. Building typeĬommercial construction costs per square foot: By Region Below is a table showing the construction cost ranges of different commercial buildings. Prices in areas like New York go up to $450 per square foot. The median construction cost ranges from $350 per square foot for small installations.
#Commercial building estimate drivers
The location alone is one of the most significant cost drivers for commercial buildings. The average commercial construction costs per square foot
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