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Steel Warehouse

how much a steel warehouse cost on approxmatly 30,000 sqf?

as i pull out my building construction cost data of 1984, a steel warehouse with office from the range of
8000 to 72000sq.ft.. is 28.70 a sq ft....the modified factor is .93 for 30,000sqft.

so 28.7 times 30,000 times .93 =800,730usd

the interest factor from 1984 to 2010 consider an inflation rate of 10% per year is (1+.1)^(2010-1984)=(1.1)^26=11.92

so the steel warehouse cost with office is 800,730 times 11.92=9,544,702usd.

if u use an inflation rate of 5% per year. (the governement has control over the inflation to lower than 10% in these year). so the interest rate in 26yr is (1.05)^26=3.56.

so the lower estimate is 800,730(3.56)=2850599usd.

so the price range would be 3million to nine and half million usd.

u could get a more accurate estimation by using the current building cost data.

disclaimer: not for construction.

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