How Much Does it Cost to Build a Retail Store?
The following analysis estimates the cost to build a retail store using US National Average costs from 2019 RSMeans cost data. If you would like to localize costs to your specific zip code, RSMeans Data Online allows you to easily localize the cost of your entire estimate to zip codes across the United States and Canada. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 8,000 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs in a specific city or metropolitan area, go to our index of store, retail models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.
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Retail Store Construction Cost Assumption |
| Location: |
US National Average
|
| Story Count: |
1
|
| Story Height (L.F.): |
14
|
| Floor Area (S.F.): |
8,000
|
| Basement Included: |
No
|
| Data Release: |
Year 2019
|
|
Store,Retail with Brick Veneer / Reinforced Concrete
| Cost Estimate (Standard Union Labor) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$121.03 |
$968,259.06 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$30.26 |
$242,064.77 |
| Architectural Fees |
8% |
$12.10 |
$96,825.91 |
| Total Building Cost |
$163.39 |
$1,307,149.73 |
| Cost Estimate (Open Shop) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$107.59 |
$860,708.27 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$26.90 |
$215,177.07 |
| Architectural Fees |
8% |
$10.76 |
$86,070.83 |
| Total Building Cost |
$145.24 |
$1,161,956.16 |
Other Square Foot Model Building Type Options:
Store, Retail with E.I.F.S. & Metal Studs / Steel Joists
Store, Retail with Fiber Cement / Wood Frame
Store, Retail with Stone Veneer / Rigid Steel
Store, Retail with Stucco / Reinforced Concrete
Store, Retail with Vinyl Clapboard / Wood Frame
