Your company is now outgrowing the space it has and you’re in need of office space.
A new warehouse can be an investment for your company But how large of an investment?
We’ve decided to offer you the complete guideline for the estimation of each warehouse’s project budgeting.
Warehouse Cost by Size and Square Feet
To create this graph, have divided the cost of construction for the turnkey warehouse from $55-$70 per square foot, down the middle, which is $62.50 in square feet.
The following chart includes all the necessary elements of the construction of a warehouse, including parking lot lighting, warehouse lighting, etc.
An average storage unit-which is a relatively basic metal box that includes a steel construction kit, concrete well as building assembly, and a few other items-will costs close to $19-25 per square foot..
The price is not inclusive of the land or grading and is just an estimation.
Warehouse Cost per Square Foot
Here’s a breakdown of the cost of warehouses per square foot to estimate costs.
The more extensive the building the more expensive the cost per square foot is likely to be.
- Metal Buildings – $3.50-$15 one square foot
- Shell (building concrete, building assembly) Cost: $19 to $25 per square foot
- Turnkey – $55-$70 per square foot
How Much Does a Small Warehouse Cost?
A small-sized warehouse is usually defined as anything less than 5,000 square feet.
The price per square foot will be higher in smaller structures due to the amount of steel used versus space.
The bigger the structure, the less price per square foot. This is lower due to the proportion of steel in comparison to space being smaller.
Warehouses with less than 5 000 SF typically cost around the shell (building concrete, concrete, and assembly) cost of $19 to $25 per square foot, as they don’t usually include items such as industrial lighting, high-end air conditioning, HVAC for industrial use and office building-outs. If all of these things are included, it’ll cost you $55 to $70 for a square foot, on average.
5,000 Square Foot Warehouse Cost
A fully-integrated 50×100 or 5000 sq ft warehouse would cost approximately $312,500, including landscaping and grading. However, several factors can affect the price.
The shell (building the concrete slab and the erection) will cost about $1000,000 or $20 for each square foot.
The steel structure will typically cost you between $7-12 for each square foot which is equivalent to $35,000-$72,000.
A building of 5,000 square feet is a good dimension for small or medium-sized businesses.
Cost to Build 10,000 Square Foot Warehouse
A complete turnkey 10,000 square feet or 100×100 warehouse would cost approximately $625,000 including landscaping and Grading.
A 10,000 square foot warehouse shell could cost around $200,000.
The average steel building costs between $6 and $10 per square foot, that is $60,000-$100,000.
Cost to Build 20,000 Sq Ft Warehouse
A complete turnkey 100×200, or 10,000 square feet of warehouse costs around $1,250,000 with the land and grading.
The construction of the shell (building concrete, concrete, as well as the erection) will cost you around $400,000.
The steel pre-engineered building is estimated at $5 to $9 per square foot, which is $100,000 to $180,000.
How Much Does It Cost to Build a 100,000 Sq Ft Warehouse?
The cost is an average of $6,250,000 to turnkey a 100,000 square-foot warehouse, which includes an area plot for land and Grading.
Construction, concrete, and assembly for the construction of a 100,000 square foot warehouse will cost approximately $2,000,000.
Steel building kits cost $3.50-$8 per square foot which is $350,000-$800,000.
Different Kinds of Costs to Consider
There are four kinds of warehouse costs that are associated with construction: hard costs and soft costs. They also include longer-term expenses, along with financing and construction costs.
If your home is likely to require electrical, plumbing HVAC, plumbing, or HVAC, etc. which isn’t included in this cost average and could be considered an additional cost.
Hard costs include “brick-and-mortar” costs of building an office.
For instance, the materials, labor, electrical plumbing, sewer Grading (aka leveling) parking lots, HVAC as well as LEED certifications.
This is typically what companies are asking when they ask “How much does it cost to build a warehouse?”
It’s just one of the four kinds of cost categories.
Soft costs include the purchase of permits and insurance, legal fees Architectural drawings, engineering taxes, furniture that is not permanent (chairs tables, chairs, etc. ), movable equipment (ex. forklift), or any other cost not connected in any way to the hard cost.
The long-term expense of warehouse construction is your energy bills, regular maintenance, and upkeep.
The cost over the life of a warehouse can fluctuate in a wildly different manner depending on these factors. The cost of electricity is a prime example. You can drastically be decreased by upgrading the insulation in your warehouse.
It’s more expensive upfront, but will lower your monthly costs.
It’s worthwhile to do the maths to figure out the break-even point of upgrading insulation in comparison to the lower monthly expense.
If you’re less than 10 years old the time frame is likely to be worthwhile.
Here’s an Calculator to determine where your break-even level is.
The cost of financing is the amount you pay to the bank for the form of borrowing costs for the construction loans.
The lower the fee and interest rates the lower your financing fees.
How Big is an Average Warehouse?
The dimensions of your warehouse have an impact directly on the price you’ll pay on your job.
According to information provided by the Energy Information Administration, the size of a typical square foot of warehouses within the United States is 16,400 square feet.
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