Construction cost of U.S. commercial buildings - Statistics & Facts

Commercial buildings are used in a wide range of sectors, including retail, education, and health. The price of construction across these sectors can vary greatly per square foot, however, location is a much more stringent indication of cost discrepancies in construction. For example, New York City’s construction costs for retail centers tends to be one of the highest in the country, due to various factors such as limited space. The zoning and geography of the land, such as earthquake-prone zones, will also have a major effect on the cost of materials, supplies, and labor as these regions have stricter codes than other regions. The sector in question also affects the cost, e.g. retail construction costs tend to vary the most due to size and stock quality differences. Other variables such as building purpose, size, standards and codes, building materials, and labor costs will impact construction costs.

The value of non-residential construction is expected to increase in the next years, even though construction material prices are increasing, although with a slower rate of growth. As the construction project pipeline across the United States continues to grow, the industry has begun to offer more packages to suit the needs of the buildings occupiers, such as the re-design of restaurant interiors towards new concepts and new technological customizations in e-commerce spaces. Overall, most major sectors have experienced growth in construction. Office vacancies have declined as companies have begun renovations on older buildings. Tenant improvement demand will remain high to meet the needs of companies taking over vacant properties. The construction, renovation, and demolition of buildings generate a large amount of waste; however, the construction of new and renovation of pre-existing buildings can lead to more sustainable buildings.

Interesting statistics

In the following 5 chapters, you will quickly find the 23 most important statistics relating to "Costs of U.S. commercial building construction".

Construction cost of U.S. commercial buildings

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Costs of U.S. commercial building construction" and take you straight to the corresponding statistics.

Offices

Hotels and casinos

Retail

Any more questions?

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.