What is an Average Commercial Building Cost per Square Foot?
Estimates & Costs for Modern Commercial Buildings
Commercial Building Costs & Estimates
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).
Commercial Building Construction Cost (per sq ft)
| Construction Method | Material Cost | Labor Cost | Total Cost |
|---|---|---|---|
| Stud Frame | $10-16 | $4-8 | $14-24 |
| Tilt-Up | $12-15 | $4-8 | $16-22 |
| Steel Frame | $7-9 | $3-5 | $10-14 |
Other Costs
| Item | Approx. Cost |
|---|---|
| Delivery | 5-10% |
| Windows, doors etc. | 10-20% |
| Foundation | $4-6 / sq ft |
| Construction | $3-5 / sq ft |
* NB. Because there are so many variables involved (interior & exterior finish being the main contributors) with commercial buildings, price figures for the average code per square foot can vary dramatically. Local building regulations can influence the cost of a metal 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.
Sample Commercial Buildings
Any estimate for an industrial steel building must take into account a number of variables. No two building projects are exactly alike and differences in requirements will affect the cost. The intended function of the building is one of the biggest factors. Some applications call for heavier and more expensive structural framing and more interior insulation, which will drive up the overall price. Taking all of these qualifications into account, a typical estimate for a basic steel industrial building is approximately $8 to $12 / sq ft. This does not include site preparation, foundation or erection of the building. This estimation only covers the base building materials (framing, siding & roof system). Remember that this is just a general estimate.
Base Building Estimates:
| Building Dimensions (feet) | Square Footage | Estimate Building Cost | Price per Square Foot |
|---|---|---|---|
| 30x60 | 1,800 | $20,700 | $11.50 |
| 60x40 | 2,400 | $27,600 | $11.50 |
| 40x80 | 3,200 | $32,800 | $10.25 |
| 50x120 | 6,000 | $61,400 | $10.23 |
| 80x100 | 8,000 | $81,900 | $10.23 |
| 100x150 | 15,000 | $115,200 | $7.68 |
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There are some facts that are helpful to know when you’re considering putting up a metal building. First of all, there are three different sources you can choose from:
Manufacturers
They often sell to the public so you don’t pay for the markup of a middleman. Besides, you might be able to work with a designer to customize your building according to your requirements and desires. However, the manufacturer only makes the buildings; he will not assemble it for you. You’ll have to find someone to put it up or put it up yourself if you’re good at DIY. Also, your foundation will not be included. Insulation may or may not be available from the manufacturer.
Brokers
This might work for you if you have a pretty good idea of what you want. He can research the various manufacturers, bargain for the best price, and take care of buying the building and getting it delivered. You’ll still need to take care of foundation and insulation on your own.
General Contractors
They usually have a preferred manufacturer or broker. The general contractor will arrange for the purchase, delivery, and assembly as a part of their own contract with you. Markup on the building will probably be a part of their bill to you. This is the fastest and easiest way to do it, but it may not be the most cost-effective.
Looking for Residential Building Prices? See the estimate calculator or our 40x60 building article
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