Commercial Construction Costs Per Square Foot
The biggest worries before starting the construction of a commercial building are always the construction costs per square foot. Our commercial builders explain that costs vary substantially depending on location, type of building, and more. As follows, the zoning and topography of the area also have an impact on construction prices per square foot. Additionally, as we see in Northern California, costs are more expensive in earthquake-prone areas. Controlling these costs allows owners to complete their projects on time and allows contractors to retain their profit margins. Today on the blog, our commercial construction company discusses commercial construction costs per square foot.
Average Costs of Construction Per Square Foot in California
To start, our retail renovation Sacramento team explains that one of the most major cost drivers for commercial buildings is location. Below, we detail specific costs in California.
To determine the average expenses in the Western United States we looked at a few different cities. We, of course, looked at Sacramento, and then San Francisco, Los Angeles, and San Diego.
The average cost of a single-story commercial structure is anywhere between $300 to $400 per square foot. As follows, for mid-rise commercial buildings, the average price is between $500 and $600 per square foot. Finally, the average cost of a high-rise building is typically always around $700 per square foot.
Of course, these costs vary by type of building. Below, our General Contractor Sacramento explains.
Commercial Costs Per Square Foot – Building Type
The cost of construction varies greatly depending on the type of building. We’ve offered average estimates based on location in the United States, but now we’ll look at cost breakdowns based on building types across the country.
Commercial Office Spaces
A single-story office building in the United States costs an average of $300 per square foot. On average, mid-rise office buildings cost $600, whereas high-rise structures cost $700.
Varied places have different requirements and styles of development for hotel and lodging facilities, which affects the pricing. Three-star hotels, for example, are less expensive at $500 per square foot, and five-star hotels are more expensive at roughly $700 per square foot.
Medical office buildings typically cost about $500 per square foot. Specialty clinics, on the other hand, cost roughly $619 per square foot on average.
Universities and other higher education institutions are more expensive than elementary and secondary schools. Regular classroom buildings, for example, cost roughly $600 per square foot. However, university buildings are the most expensive at $600 per square foot.
Contact Headwaters Today for Commercial Construction in Sacramento
Numerous factors, including location, natural disasters, type of building, and more have a significant impact on commercial construction costs. At Headwaters Construction Inc., our team is here to help you with all of your commercial construction needs. Contact us today to discuss your next commercial construction project in Sacramento. You can follow us on Facebook as well to check out our projects and connect with our top-rated construction team.