Bigger warehouses cost more,
but cost less per square foot
is great. Revenues are growing. And space is getting tight. As the
demand for space goes up, many small business owners begin to think
about building places of their own.
One common choice for small business owners
is the tilt-up industrial building -- commonly called a warehouse
-- consisting of a large open space enclosed by concrete panels
with an asphalt roof. They're common in repair shops, distribution
centers and, of course, warehouses.
If you've been thinking about taking the plunge
and building your own facility, you'll want to swim through this
sampling of construction costs put together by Oltman's Construction
In general, a bigger building will cost more
than a small one, but you can expect your building costs per square
foot to decrease as your square footage increases. Oltman's estimates
a typical 20,000-square-foot warehouse will cost you about $35 a
square foot. Building costs for 400,000 square feet of warehouse
drop down to about $19 a square foot.
A 40,000-square-foot warehouse
that includes 2,000 square feet of offices will run about $1.18
million, according to the California-based construction firm.
Grading costs and local assessment
fees could add as much as $5 a square foot more to your costs.
How much can you expect to pay
for your building?
Rules of Thumb is a regular feature of the SmallBiz
Finance channel of Bankrate.com. Each week, it takes a look at a
different statistical aspect of small business.
-- Posted: Jan.