Before start the construction of a commercial building, the biggest and initial concerns are always the construction costs per square foot. Commercial buildings are used in different sectors such as education, health, and retail shopping Mall. Dependent on usage and other factors such as location, the costs can vary greatly. The area’s Citys and geography also affect the construction costs per square foot, whereby materials are more expensive in earthquake-prone regions and Flood areas. Controlling these costs helps owners finish their projects on budget and allows contractors to protect Prfot Margen
This article will discuss the average construction costs per square foot and have derived the data from Pakistani Market Construction Per Square Foot Data.
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THE AVERAGE COMMERCIAL CONSTRUCTION COSTS PER SQUARE FOOT IN PAKISTAN
The location alone is one of the most significant cost drivers for commercial buildings. The median construction cost ranges from 2800 ~ 3500 per square foot for small installations. Prices in areas like New York go up to $450 per square foot. Below is a table showing the construction cost ranges of different commercial buildings.