Austin office space improvements
– figuring out basic cost
At some point when a tenant is looking at Austin office space there are improvements that are to be made regarding the layout of the office area.
Market conditions along with the economy are always changing and this affects the office space improvements and their related cost structure. According to a poll conducted with leading contractors here is what you can expect ball park wise for improving an Austin office space. One story flex office space buildings run approximately $60 to $65 per square foot.
For builders and developers: Low rise office space building improvements which are two to three stories can run approximately $74-$81 per square foot, this includes a $7-$9 per square foot charge for site work and parking lot improvements. Next up would be a mid rise office space building that is four to six stories , Austin office space improvements can run $85-$95 per square foot , included in this charge is a $4 to $5 dollar per square foot charge for site work and visitor surface parking.
High rise Austin office space buildings have the following approximations:
7 stories $93 to $100 per square foot for office space improvements
14 stories $100 to $110 per square foot for office space improvements
20 stories $110 to $120 per square foot for office space improvements
25 stories $120 to $130 per square foot for office space improvements
For commercial tenant improvements you are typically looking at $37 to $45 per square foot for Austin office space improvements , the question is will you be taking shell space that is completely unfinished or are you taking existing 2nd generation office space or older?
