How much does an office building cost?
Christopher Ramos
Updated on March 08, 2026
Building a single-story commercial office building will cost an average of $238–$286 per square foot. A mid-rise building costs $569 on the high end and $474 on the low end to construct. Building a high-rise will cost a high between $545–$654 per square foot on the low end.
How much does office space cost in Texas?
The average yearly cost for core (traditional) office space, considering 150 square feet per worker, is $3,996 per year per person. Whereas, the average price per person for flexible office space is $160 for flexible office space, totaling to an affordable $1,921 per year.
How much does it cost to build a 1800 ft 2 home?
If your budget is under $300,000 Another option is a modular home, a type of living space that comes pre-assembled. These homes typically cost about $100 to $200 per square foot, which translates to an average of $270,000 for an 1,800-square-foot home.
How much does it cost to build a building in Texas?
In Texas, you can expect to pay between $91 and $134 per square foot while building a new home — an average of around $113 per square foot. This estimate tracks with national norms. Across the US, construction for an average single-family home costs $296,652 on average, or around $114 per square foot.
How much does it cost to build a 10 story office building?
Office, 5-10 Story Square Foot Cost Assuming Face Brick with Concrete Block Back-up / R/Conc. Frame
| Cost Estimate (Union Labor) | % of Total | Cost |
|---|---|---|
| Total | $10,050,000 | |
| Contractor Fees (GC,Overhead,Profit) | 25% | $2,512,500 |
| Architectural Fees | 6% | $753,800 |
| Total Building Cost | $13,316,300 |
How much does office space cost in Austin?
Renters can expect to pay $37.34 per square foot for office space in Austin. If you have 150 square feet of space per employee, the cost for a core space is about $5,601 per employee per year. Whereas, the average price per person for flexible office space is $569, adding up to an affordable $6,828 per year.
How much is office space in Austin?
Office Space | Austin Lease Data & Trends
| Office space for lease | Class A | Class B |
|---|---|---|
| Central Austin | $47/sf | $25/sf |
| Northwest Austin | $43/sf | $23/sf |
| Southwest Austin | $43/sf | $36/sf |
| Austin Totals | $48/sf | $33/sf |
How long does it take to build out office space in Austin?
If your building out Austin office space and you want the landlord to pay for the tenant improvements then expect the lease term to be at least 3-5 years or more, unless you pay for the build-out costs yourself. Who Pays for the Office Build Out?
How much does it cost to build a new office building?
The geographic spread in cost per square foot is identical to the low-rise data and the increase from last year is approximately $6-$11 per square foot depending on region.
How much does it cost per square foot to build a building?
In areas that are restricted to non-flammable construction, price per square foot will go up. By taking advantage of savings provided by vertical construction, you will see approximately a 4% savings in cost per square foot by increasing the stories to between five and ten stories.
How much does it cost to build a house in Texas?
In 2020, the median price of a pre-existing house in Texas soared to $273,300 but still remained lower than the $308,901 required to build a house on average. However, cost isn’t always the top consideration for buyers who want to build a house.
