WebMay 10, 2024 · Retail Space Costs. For retail, lease rates start at $35 per square foot if you are in well-located areas in major cities. Your rent for a 900-square-foot space would be around $2,625 per month. Retailers should also factor in the cost of CAM charges, which can add $0.20 to $0.70 per square foot to the bill. WebDec 15, 2024 · Chicago: Approximately $33 / sq ft / year for office space, rising to averages above $40 in The Loop. Industrial premises average $6 / sq ft / year. Industrial premises average $6 / sq ft / year. Dallas and other urban centers in Texas: between $25 and $30 / sq ft / year, whereas industrial rates are below $5.
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WebJun 1, 2024 · The average costs range between $599 on the low end and $719 on the high end for the mid-rise office buildings. High-rise buildings are the most expensive, with highs and lows of $827 and $688, respectively. The neighborhood strip centers average high and low costs of $371 and $309 per square foot. WebMay 23, 2024 · When we decided to look for a larger office space for ourselves to accommodate our expansion, the properties that matched our needs and wants were running from $3,800 to $5,000 per month—enough to make anyone cringe. So we started looking to potentially purchase on terms (which also happens to be what we teach other … WebMay 26, 2024 · As a small business with plans on buying a commercial building, there are a number of important things to consider. You may have decided that your own property will provide more stability and cost benefits than leasing space, but like any other major investment, it involves risk. If you make bad choices, it reduces your ability to keep up with … high level value chain