How much to construct a 15k sq ft office building?
[{"id": "dzgepxm", "text": "what kind of office building?\nhow many floors\nconstruction type\nparking?\nlobby?\nsingle or multi tenant?\n\n\nyour question is like asking \"how much is beef\" - you could pay $2 a pound for the cow, or $150 a pound for wagyu", "replies": [{"id": "dzgf9py", "text": "Regular Office building \n2 floor\nWhat does construction type mean \nParking 75 spot\nLobby minimal sq ft\nMulti tenant maybe divisible 5k or 2k ", "replies": [{"id": "dzgfx1g", "text": "Where? ", "replies": [{"id": "dzgg2gl", "text": "In Orlando Florida ", "replies": [{"id": "dzh71x1", "text": "Prices can be VERY localized... maybe reach out to some agents, architects or builders to get context. Let them know you've not selected your team but that you will be assembling one and would like their perspective. Most will give you some preliminary thoughts. Give strong consideration to adding the one(s) that give good attention, data, have a good track record with this sort of project, and that you feel would be good to work with in the long haul. They shouldn't have an issue sharing some ideas if they know there's a chance they could be part of the project.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "dzghxfb", "text": "Construction type is important because there are lots of way to build things depending on fire ratings, ceiling heights, earthquakes, etc.. If its a single tenant you might not build the same way as a multi tenant, which will require a reception/lobby on each floor most likely, which will be more expensive than interior office finishes.\n\nStart at $150 per foot for office then go up with $35 foot tenant improvements, or double for medical office. Then add in the land cost, soft costs, and financing costs. \n\nBecause you are so vague, nobody can answer the question effectively. It could be $2 million, it could be $6 million.", "replies": [{"id": "dzgi0i1", "text": "Okay. Why double for medical office? What\u2019s extra there? Also are these prices for gray shell or fully built out?", "replies": [{"id": "dzgj2gq", "text": "Because there's more involved than slapping up cubicles for medical. \n\nThese prices are useless without architectural plans and a local contractor. Look on loopnet for comps in your area to see what buying existing costs. It'll be much more accurate. ", "replies": [{"id": "dzgj4mh", "text": "Buying something existing is much more expensive than constructing g yourself ", "replies": [{"id": "dzgjx28", "text": "Often its significantly cheaper to purchase existing. Land Acquisition, \\+ Constitution cost \\+ Soft Cost\\+Lease Up and Tenant improvements. All that adds up fast. ", "replies": [{"id": "dzig24b", "text": "Well stated.  There's also site work and possible road infrastructure (new turn lanes, curb cuts, metro stop, intersection, etc. ", "replies": [], "depth": 8}], "depth": 7}, {"id": "dzglc8v", "text": "If you are actually building an office building, for the love of God hire people who actually know what they are talking about. You're clueless. ", "replies": [{"id": "dzifz5o", "text": "&gt; You're clueless. \n\nI try not to mean negative.  But, turk8th is correct.  You are in no position to attempt  development.  The questions you ask are elementary in nature in terms of where your education and experience level should be if you're seeking to develop.  Hire knowledgeable architects (don't be cheap) and obtain the services of an experienced construction company.", "replies": [{"id": "dzitmwz", "text": "I'd add services from a brokerage if its being leased, and a owners rep if its owner occupied.", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}, {"id": "dzh75qi", "text": "Purchasing existing could be a lot less... have helped many clients do what you're doing. First move is to check out existing for conversions. Sometimes even get lucky with decent pricing and tenants leasing the remnant of the building (part that you're not going to utilize) which can cover the loan.", "replies": [], "depth": 7}, {"id": "dziz2q9", "text": "You need to hire someone with experience like yesterday. This industry loves to fuck young inexperienced folks, which your comments indicate you are.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dzghk1i", "text": "for two story standard finish, probably around $150\\-170 psf, but given the lack of detail here please don't hold me to that number. ", "replies": [{"id": "dzgi2g3", "text": "\"but a guy on reddit told me I could build it for $2,000,000, Mr. Professional Contractor\" \n\nI love these weird totally vague questions that are impossible to answer.", "replies": [{"id": "dzgiaep", "text": "For real, it's probably $150PSF in giveit110percent's market, and closer to $250\\-$400PSF in my market \\(hard cost for shell space only\\) for Class A construction.  Not to mention the cost of acquiring land, zoning board etc.", "replies": [{"id": "dzi2qxl", "text": "yeah i probably undershot that a little. I don't build much office, and did not include any land or soft costs in that number either. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dzgltd7", "text": "approximately $1,000,000 - $20,000,000 would be my best estimate.\n\n[Here](https://i.amz.mshcdn.com/W_FYQqlo9P7a_tVY4eaENEBeCcA=/1200x627/2016%2F09%2F22%2Fb5%2F592857175_640.73223.jpg) is a detailed blueprint for construction.", "replies": [{"id": "dzgtcxb", "text": "Bant of the fucking year", "replies": [], "depth": 2}, {"id": "dzifjad", "text": "It also depends on the location.  Building a 15,000sqft commercial building in Washington DC, Boston, NYC, etc will cost 3x (if not more) versus building in a small city, town or suburb. There is a tremendous amount of site, utility and infrastructure work apart from the construction alone.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dzizvok", "text": "Finnish high school first bud", "replies": [], "depth": 1}]