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| COST PER SQUARE FOOT ($/S.F.) |
| Match the project type with total gross square footage including the
mezzanine and upper floor areas. |
| INCLUDED items in the cost per square foot: |
All standard on-site improvements & utilities
Grading, paving, landscape, sidewalks, etc.
Normal site coverage for the project type selected
Normal architectural features & construction standards
|
| NOT INCLUDED in the cost per square foot: |
Tenant improvements
Any off-site improvements, demolition, import or export
Permits, fees, bonds, assessments, taxes
Architecture, engineering, testing
Financing costs, developer costs, insurance, legal
|
| COST ESTIMATING EXAMPLE |
| Project: |
Corporate Manufacturing Build To Suit
3 acres ready to build, level lot with utilities stubbed in
60,000 S.F. shell with 15,000 S.F. offices
Fire sprinklers - .60 / 3,000 gpm
Warehouse lighting & power
Project Upgrades:
Architectural exterior and fenced yard with gate |
| Shell Building |
60,000 S.F. |
$26.00 |
$1,560,000 |
Architectural upgrade
|
60,000 S.F. |
$.75 |
$45,000 |
Fenced yard & gate
|
1 each |
$10,000.00 |
$10,000 |
| Tenant Improvements |
|
Medium density offices
|
15,000 S.F. |
$22.00 |
$330,000 |
Restrooms, 5 fixture
|
3 each |
$15,000.00 |
$45,000 |
Warehouse lighting
|
45,000 S.F. |
$.55 |
$24,750 |
Warehouse power
|
45,000 S.F. |
$1.00 |
$45,000 |
| Total Estimated Construction Cost |
$2,059,750 ($34.32 / S.F.) |
|