What is an Average Commercial Building Cost per Square Foot?
Estimates & Costs for Modern Commercial Buildings
An average commercial steel building costs between $16 and $20 per square foot, including building package (I-Beams, purlins, girts etc.) , delivery, foundation and the cost of construction.
Since many retail & commercial buildings require additional finishing like insulation or façade customization, the cost may rise to $30 or $40 per square foot (SF). Insulating a commercial steel building is a necessary expense but is also a very good investment.
In addition to moderating the temperature in a steel building, insulation can improve the acoustics by damping sound. It can also equate to significant energy cost savings.
|Construction Method||Material Cost||Labor Cost||Total Cost|
|Windows, doors etc.||10-20%|
|Foundation||$4-8/ sq ft|
|Construction||$4-8 / sq ft|
* NB. Because there are so many variables involved (interior & exterior finish being the main contributors) with commercial steel buildings, price figures for the average code per square foot can vary dramatically. Local building regulations can influence the cost of a steel commercial building. For example, buildings in colder climates may need to handle a large volume of snow, while buildings in areas that are prone to hurricanes need to be resistant to high winds. Before signing a contract for a prefabricated steel commercial building, it pays to check into local building requirements and make sure the building will satisfy building codes. In addition, most local jurisdictions require a building permit for the construction of a commercial steel building.