ANSWERS: 1
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The cost of constructing a commercial building varies depending on location and type of building. The median cost of constructing a one-story office building is $160 to $170 per square foot, according to RSMeans. Existing buildings sell for slightly more than the new construction cost. In the first quarter of 2008, the average purchase price for office space was $247 per square foot
Source:
EV Studio: Cost per Square Foot of Commercial Construction by Region
Inc. Magazine: Buy, Sell, or Hold? How entrepreneurs are playing the commercial real estate market.
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