Midwestĭue to climate differences, the building costs in the U.S. The construction costs in Honolulu are, however, significantly higher by $10 per square foot. When it comes to school facilities, the costs range between $341 and $417. However, the prices of five-star hotels are a notch higher, with costs ranging between highs and lows of $849 and $577, respectively. The three-star hotels have high average costs of $545 and average lows of $402. The cost of three-star and five-star hotels also varies. average highs of $413 and lows of $261, whereas the shopping malls have highs and lows of $575 and $442, respectively. Neighborhood strip centers in the Western U.S. Finally, the costs of high-rise buildings average $557 on the low end and $730 on the high end. The average prices are $481 on the low end and $607 on the high end for the mid-rise commercial buildings. These are Las Vegas, Seattle, Honolulu, Portland, Sacramento, and San Diego.įor single-story commercial buildings, the average cost is $313 on the low end and $378 on the high end. were the average costs of cities located there. The costs range between $317 and $381 on the lower and higher end averages in school constructions. However, the prices of a five-star hotel are almost one and a half times more, with the costs ranging between $677 and $871 per square foot. 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.
RETAIL SPACE IN TIME SQUARE DRIVERS
The location alone is one of the most significant cost drivers for commercial buildings. The average commercial construction costs per square foot Commercial construction costs per square foot: By building type.Commercial construction costs per square foot: By Region.
The average commercial construction costs per square foot.
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