What is the average square footage of a commercial building?

The average size of buildings constructed before 1960 (26% of the commercial building stock) is 12,000 square feet; buildings constructed between 1960 and 1999 (55%) average 16,300 square feet; and buildings constructed in the 2000s (18%) average 19,000 square feet.

How do you calculate the square footage of a commercial building?

Measure simple square footage. To measure commercial square footage for a rectangular space, multiply the length of the room in feet by its width. For example, a room that is 12 feet long by 12 feet wide is 144 square feet.

What is commercial property worth per square foot?

Divide the sales price by the total number of square feet included in the space. A commercial property selling for $100,000 divided by 2,000 square feet comes to a sales price of $50 per square foot.

Is a museum considered a commercial building?

Commercial buildings include, but are not limited to, stores, offices, schools, places of worship, gymnasiums, libraries, museums, hospitals, clinics, warehouses, and jails.

Is a shop a commercial building?

You may not be aware that each type of building in the commercial property market is made up of five main categories, where each use of these buildings vary. These five categories include: Offices. Retail – retail stores, shopping centres, shops.

What classifies as a commercial building?

Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, ‘big box’ stores, and shopping malls). When space allocated to multiple functions is significant, these buildings can be called multi-use.