The average commercial construction cost per square foot can vary significantly depending on various factors such as the location of the building, the complexity of the project, materials that are used, and the specific type of commercial building. It’s important to note that construction costs can also change over time due to market conditions, labor costs, and material prices so make sure to speak with your local contractors and get a few estimates before appointing one team to the project.
As of September 2021 however, there is a general range of average commercial construction costs per square foot for different types of buildings in the United States which will be outlined below.
Office Buildings: The average cost for constructing a new office building can range from $150 to $400 per square foot.
Retail Buildings: Retail construction costs can vary between $150 and $400 per square foot, depending on the size, location, and complexity of the project. Larger retail spaces may have lower costs per square foot.
Industrial Buildings: The construction cost for industrial buildings, such as warehouses or manufacturing facilities, typically ranges from $100 to $200 per square foot. However, specialized or highly customized industrial projects may have higher costs.
Hospitality Buildings such as large hotels: Hotel construction costs can range from $200 to $500 per square foot, depending on factors such as the hotel brand, amenities, location, and quality of finishes.
Educational Buildings such as primary, secondary schools, high schools and universities: The cost of constructing educational buildings can vary significantly based on the scope of the project and the level of customization required. Generally, educational building costs can range from $200 to $400 per square foot.
Please note that these figures are general estimates and should not be considered as a precise or up-to-date cost for commercial construction. It’s crucial to consult with construction professionals, architects, or contractors who can provide more accurate cost estimates based on your specific project requirements and location.
Contact us at RH Renovation NYC to get a specific cost estimate for your commercial building. Our team is composed of technicians and designers that can describe the project in detail, explain every step and also walk you through the finances.
Our team can also deal with maintenance and other aspects of the project once the entire construction is finalized.
Call or send an email and we will get back to you as soon as possible.