Commercial Construction Costs

Commercial Building Sensors

Fewer than 20% of commercial buildings in the U.S. have building automation systems (BAS). Decarbonization and grid-interactive efficient buildings (GEB) uptake will require market transformation.

BAS Costs/SF by Building Type

 

Commercial Building Sensors and Controls Systems.  A priority should be placed on immediately addressing barriers.  adoption and effectiveness of commercial building control systems, leading to realized energy savings, increased grid interactivity, and accelerated decarbonization of the U.S.

BAS Control Layers
BAS Costs – Building Type

 

Commercial Construction Spending Update

2021 Commercial Spending Update

2021 Commercial Construction Costs

National average for construction costs rose approximately 2.03%. (2019-2020)

Construction cost data
  Atlanta   Dallas   Miami   Orlando  
COMMERCIAL / OFFICE                
Single Story 294 245 287 239 283 235 278 231
Mid-Rise 586 489 571 476 564 470 554 462
High Rise 674 561 657 547 648 540 637 530
RETAIL                
Neighborhood Strip Center 303 253 295 246 291 242 286 238
Regional Mall 452 377 440 367 435 362 427 356
HOSPITALITY / LODGING                
Three-Star Hotel 493 333 480 336 473 351 465 345
Five-Star Hotel 708 480 685 464 676 455 664 447
WAREHOUSE / MANUFACTURING              
Warehouse-Regional Distribution 212 152 207 148 204 146 200 143
Warehouse-Light Industrial 236 168 230 164 227 162 223 159
Manufacturing-Tech Laboratory 589 491 573 478 566 472 556 464
HEALTHCARE                
Acute Care Facility 821 616 799 600 789 591 775 581
Medical Office Building 421 351 410 341 475 350 485 360
Specialty Clinic 526 438 512 427 505 421 496 414
PRIMARY & SECONDARY EDUCATION            
Elementary School 244 203 238 198 234 195 230 192
Middle School 267 223 260 217 257 214 252 210
High School 294 245 286 238 282 235 277 231
HIGHER EDUCATION                
Academic/Classroom 518 432 505 421 498 415 489 408
Laboratory 716 597 698 581 688 573 676 563
Administration 536 447 522 435 515 430 506 422
Dormitory 286 232 278 226 275 223 270 219
PUBLIC / COMMUNITY FACILITIES              
Gov’t Adminstrative Buildings 565 467 551 455 544 449 534 441
Museum/Performing Arts 857 686 835 668 824 659 809 647
Recreation/Gymnasium 368 307 358 299 353 294 347 289
Police Stations 535 446 521 434 514 429 505 421
PARKING STRUCTURES                
Below Grade-Multi-Level 139 114 135 111 133 109 131 107
Above Grade-Multi-Level 65 50 64 49 63 48 62 47
                 
2020 Commercial Construction Costs
  Denver   Chicago   Nashville  
COMMERCIAL / OFFICE            
Single Story 203 135 399 332 291 243
Mid-Rise $293 $216 $795 $663 $580 $484
High Rise $485 $345 $914 $761 $667 $556
RETAIL            
Neighborhood Strip Center $309 $258 $411 $343 $300 $250
Regional Mall $461 $384 $613 $511 $447 $373
HOSPITALITY / LODGING            
Three-Star Hotel $502 $364 $635 $483 $463 $353
Five-Star Hotel $717 $491 $906 $648 $662 $473
WAREHOUSE / MANUFACTURING            
Warehouse-Regional Distribution 216 155 288 206 210 150
Warehouse-Light Industrial $240 $172 $320 $228 $233 $167
Manufacturing-Tech Laboratory $600 $501 $798 $666 $583 $486
HEALTHCARE            
Acute Care Facility 729 528 1113 835 812 610
Medical Office Building $429 $357 $570 $475 $416 $347
Specialty Clinic $536 $447 $713 $594 $521 $434
PRIMARY & SECONDARY EDUCATION            
Elementary School 249 207 314 262 229 191
Middle School $272 $227 $344 $287 $251 $209
High School $299 $249 $378 $315 $276 $230
HIGHER EDUCATION            
Academic/Classroom $474 $421 $703 $586 $513 $428
Laboratory 687 553 971 809 709 591
Administration $493 $412 $726 $606 $530 $442
Dormitory $291 $237 $388 $315 $283 $230
PUBLIC / COMMUNITY FACILITIES            
Gov’t Adminstrative Buildings $576 $476 $767 $634 $560 $463
Museum/Performing Arts 874 699 1162 930 848 679
Recreation/Gymnasium $375 $312 $499 $416 $364 $303
Police Stations $545 $455 $725 $605 $530 $441
PARKING STRUCTURES            
Below Grade-Multi-Level $142 $116 $188 $154 $137 $113
Above Grade-Multi-Level $67 $51 $89 $68 $65 $50