//Guide for Tenants: Cost to Buildout Commercial Space Per Square Foot

Guide for Tenants: Cost to Buildout Commercial Space Per Square Foot

A good commercial buildout is well thought out and planned accordingly to fit a determined budget and schedule needs of the business. With the right plan in place, a buildout can be an impressive space that highlights your brand while attracting and pleasing customers. With an adequate amount tenant improvement allowance drafted in a lease, the landlord may cover for portions if not a majority of the buildout expenses.

With any tenant improvement or commercial buildout the tenant should select the architect and contractor teams that will design and create their buildout. The tenant is not expected to use the landlord’s design team or contractor if they are contributing work for delivery of the space. Often its recommended and preferred to keep these two teams separate for several reasons.

At Hurd Construction Management, we have developed a questionnaire and cost calculator to give our customers an idea of what their commercial buildout project may cost when considering the following:

  • Location
  • Type/scope of work such as interior buildout, new construction, or redevelopment
  • Proposed use of the space (retail, restaurant, food service, medical, office, education, etc.)
  • Square footage
  • Project timeline
  • Services needed for the project or rollout program (management, contracting, or consulting)

Whether you’re opening a single location or planning many, the costs of a commercial buildout is one of a business’ most critical questions and concerns to be addressed when starting. Particularly when investor or bank financing is involved. The cost of a buildout will vary depending on the age and type of building systems, existing conditions of the space, the type of business occupying the space, local permitting requirements, delineated scope responsibilities, the quality and types of materials being used, and more considerations.

For interior buildouts, square foot costs are generally estimated:

  • Low – $50 to $80 per SF
  • Mid – $81 to $135 per SF
  • High – $136 to $200 per SF

Below we’ve developed and shared a FREE cost calculator for you to use.

Cost to Buildout Commercial Space Per Square Foot Calculator

Hire a Tenant Improvement Construction Company

A good construction manager and contractor will take time to work with your business and understand the culture and mission of the company. When looking for a contractor to take on your commercial buildout, you want a contractor that understands your business, while also giving you a thorough, detailed, itemized bid of projected costs. Honest and experienced construction teams will also explain these costs to you in a simple manner.

By using our calculator above, your company will get an idea of what your type of construction project may cost. Keep in mind costs can change and vary based on several factors.

Hurd Construction Management will deliver a space that reflects your company’s brand and needs – our mission is serving the world’s need for quality, efficient, and integrated construction services. Our team will work hard to get a business’ space built right, while meeting design, budgeting, quality, and functional requirements.

Before leasing your commercial space, you’ll want to negotiate a tenant improvement allowance with the landlord. Underbudgetting and overspending may leave you shelling out more money out of pocket.

At Hurd Construction Management, you always receive the best value for your commercial tenant improvement projects. Project teams have a combined 75+ years construction and architectural experience that we bring to your project. We have completed more than 2.6 million square feet of new construction, renovation, and improvement projects on different types of buildings and industries.

Looking for a construction team for your tenant improvement project? Hurd Construction Management provides superior construction management and contracting services. We work with clients across the southeast, and you can contact us via email us or call our main Jacksonville office at 866-231-2477 to learn more.

By | 2019-04-03T19:59:11-05:00 April 3rd, 2019|Blog|Comments Off on Guide for Tenants: Cost to Buildout Commercial Space Per Square Foot