Office Space Cost Per Square Foot

Divide by 12 months to get a monthly rental amount of 6 250.
Office space cost per square foot. Example with a yearly price per square foot. Costs vary depending on conditions of existing space quality and types of building materials specified local permitting requirements professional services required and delineated work scope responsibilities i e. This can be expressed either as an annual or a monthly amount. The two starting factors to consider when pricing out an office space is how many employees you have and the location you need the office to be.
How much does office space cost. A 2 200 square foot office space is quoted rent of 11 50 per square foot. If you know the square footage of the office you can estimate your annual and monthly rent. There are going to be many factors that need to be factored in.
Research also finds denver office space to be the lowest cost build with office property construction costs ranging between 135 per square foot for single story office buildings and 485 per square foot of high rise office buildings. If you live in a larger city where space is at a premium the cost to rent an office is often higher. Estimated cost per usable sq. In fact location alone can represent as much as 70 of the cost driver for a single story office building with the median for this type of construction ranging between 160 and 170 per square foot.
A 3 000 sf office space has a yearly asking rental rate of 25 per square foot. 3 000 x 25 00 75 000 per year for rent. Low 50 80sf mid 81 135sf high 136 200sf. Class a spaces have average asking rents around 23 and class b spaces closer to 18.
Office space rental rates when you search for office space online you will see figures like 52 sqft that means rent is fifty two dollars per square foot per year or 4 33 sqft per month. The location of the building the amenities the age of the building and the foot traffic for example will affect the price. You will typically see this quoted as an annual rate or a monthly rate. In indianapolis office space for rent costs around 21 per square foot on average.
The us average cost for office space by square foot is between 8 23. Estimated cost for 10 000 usable sq.