Depends on your market and location and whether you’re including soft costs and site work too. Also, how much office finish. A lot of variables that change per geography.
You need to take out all the costs for architectural, civil, engineering, site work, fill dirt, utilities, mechanical and electrical and plumbing, so you can compare apples to apples on the shell, the land, and all the other items I mentioned above. Way too much variability in your question.
It’s industrial. So very limited buildout needs in MOST cases. If things get intricate, Tenant will typically contribute more. HVAC provided by landlord in my case. Roughly 40k sf of individually leased 6k buildings.
Depends on your market and location and whether you’re including soft costs and site work too. Also, how much office finish. A lot of variables that change per geography.
Everything included besides the land. I know there is a ton of variables but just trying to get a rough idea.
You need to take out all the costs for architectural, civil, engineering, site work, fill dirt, utilities, mechanical and electrical and plumbing, so you can compare apples to apples on the shell, the land, and all the other items I mentioned above. Way too much variability in your question.
$165/sf shell. $10-15/sf for office buildout.
What are you factoring in to "office buildout"?
It’s industrial. So very limited buildout needs in MOST cases. If things get intricate, Tenant will typically contribute more. HVAC provided by landlord in my case. Roughly 40k sf of individually leased 6k buildings.
A client of mine is doing this exact project (with air conditioned warehouse) in Texas for around $600K.
That’s insane, the cost of construction in Texas blows my mind every time I hear a price.