The total value of commercial construction in the United States amounts to about 6.2 billion dollars only in the first half of 2018. That’s a massive industry.
Looking at that number, you might feel a little overwhelmed. You’re planning a commercial remodel or expansion and you only have a certain budget. Are you going to go over budget?
Don’t worry. We’ve got you covered. We’ll go over commercial construction cost per square foot and other things you need to consider when remodeling or expanding your business. Let’s dig in.
1. How Much are Commercial Construction Costs per Square Foot?
There are a ton of variable to consider when averaging the cost of construction. Is the building new? Is it an old building with possible complications like asbestos? Is it already an office or was it something else?
You also have to consider location. Is it in an expensive part of the country? Are you in a free-enterprise zone?
As you see, it’s actually going to be hard to pin down an exact number for your square footage cost. Now, we can go by the going rate for square footage across the country.
Office space is generally going for $40 a square foot on average. But that cost can go up to $100-150 per square foot.
2. What Else Do You Need to Consider When Doing a Build Out?
Building out an office isn’t like a video game. You can’t just click and see a wall appear. In the real world, time and resources add up.
Delays are part of real-world construction as well. Not every contractor works on time and kinks happen.
Choosing a solid contractor like Wright Way Construction will mitigate these factors. But there are still some factors you will need to consider if you want to keep costs down.
Millwork and Finishes
You can keep costs down in this area while still making your office look incredible. One trick is to make everything clients see and touch incredibly. That’s where you want to spend money. Where workers will be can be as drab as you want them to be.
Deck out your waiting rooms, bathrooms and conference rooms with custom woodwork and marble. You can bring the cost down to a mere $25 per square foot if you go minimalist everywhere else.
You don’t want to shirk in this area. Your design professional could save you money in the long run. They will look at overall feel and be able to keep you on track with city codes and engineering standards.
If you don’t hire a good architect, you might find yourself spending a lot more money.
Use Commercial Construction Cost Per Square Foot to Put Together a Realistic Budget
While you might be tempted to cut corners, you’ll regret it later. Putting together a realistic budget based on commercial construction cost per square foot will keep you both within realistic bounds and give you the room to add value to your property.
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