Commercial renovations: office prices
Last modified: 2019/05/06 | Approximate reading time 5 mins
An office space requires many competing elements to keep things fresh and fun while making sure your staff remains productive. If you’re running an office and want to change up the layout or structure, or potentially your company is growing and you’re interested in expansion, then you may be thinking about the process of a commercial renovation. Office renovations will allow for long term goals to unfold and come into fruition.
Some office renovation projects can be simple or cosmetic improvements that won’t cost too much. In contrast, you may be considering large scale changes that include altering the structure or layout of the space itself. In this case, the costs involved will be considerably more. In this article, we’re going to go over all the costs involved in any size office renovation as well as some aspects to consider.
Everything to know about commercial renovations: offices
Initial renovation considerations
As mentioned, the overall costs of your office renovation will come down to the specifics of what you’re looking to do. With this in mind, it’s important to determine what exactly you’re hoping for by taking on this renovation. Before beginning this project, answer these vital questions:
- Are you moving to a new location or are you renovating an existing one?
- Is the location you’re renovation changing functions (i.e. was it always an office?)
- What are the needs and requirements of your business?
- What is the main purpose of the renovation? (cosmetic, size, spatial configuration, etc)
- Do you own the building or are you a tenant?
The last one on our list of questions is quite important, as certain renovation costs may be covered by the landlord of the building, including cosmetic fixes, new walls or fixtures and so forth. If you’re moving into a new space, these costs are generally worked out before you sign the lease. Another note to think about is the age of your building. If you’re renovating an older building than it’s likely to end up costing more. Not to mention you may find things you were not expecting, such as mold or mildew growth, hidden behind walls. Although this may be quite a headache up front, it’s best to deal with these things as soon as possible.
Outsourcing work: architects and contractors
Cost: 20-25% of your overall budget
If you’re taking on large-scale changes, it’s likely you’re considering hiring an architect or contractor. Outsourcing work will cost between 20-25% of your budget.
For example, if you’ve set aside $100,000 for your office renovation, set aside at least $25,000 for paying your architect or contractors. Working with a professional is always recommended, as this will allow you to avoid here missteps or major renovation issues. Not only this, but almost every renovation project will require a permit. In the majority of cases, an architect or contractor can help you to apply for permits, understanding local and municipal building codes and help you to avoid getting into trouble with the law.
Electricity and lighting
Cost: $150-$300 per point
Obviously, updated, working electricity and lighting in your office is fairly essential to the smooth operation of things. However, any projects which require the moving or rearranging of electrical work will need to be completed by a contractor. In most cities and municipalities, electrical work done by someone without a professional permit for these jobs is illegal. To avoid getting in trouble with the law, all electrical work must be outsourced. Therefore, do consider the costs involved when hiring an electrician.
Another note is that lighting is quite integral to the overall ambiance of an office. If you’re finding that your employees are having issues concentrating, dealing with headaches, or getting a weird vibe from the building, chances are likely it could be the lighting. Decent lighting should be considered to create a comfortable and inviting environment as well as impress potential clients. Basic lighting will likely cost between $100-$150, though do bear in mind this is per lighting point or fixture. More expensive designs or fixtures will come in on the higher end of the scale.
Cost: $2-$12 per square foot
The cost of flooring will vary greatly and depend on a number of factors including the size of your office as well as the material you choose to work with. There are plenty of flooring materials suitable for offices that won’t break the bank and this includes vinyl tile, concrete or certain types of wood. Lower end materials will run you between $2-7 per square foot. If you’re considering an option that’s environmentally-friendly or on the higher end of the price point, such as hardwood, cork, ceramic or bamboo, these materials might cost up to $10-12 per square foot.
For more information on all of the available flooring materials or more specific costs involved, we’d suggest checking out our Flooring Renovation Guide.
Cost: $10-$150 per square foot
As with flooring, renovating or adding walls to your commercial office space will vary greatly in cost depending on what you’re looking for, what’s currently present in the space as well as the materials you choose to work with. A basic partition will cost around $10 per square foot, whereas walls which use executive design elements, such as glass, will cost quite to install. In this case, you could be looking at prices ranging around $150 per square foot. This may be far too costly for some to consider, so do bear in mind when thinking about the types of walls you want to install in your office.
Kitchen and bathroom
Kitchen cost: $5,000- $26,000
Bathroom cost: $15,000- $21,000
Nowadays, having a kitchen in or adjacent to your office is commonplace. It helps your employees feel cared for and appreciated. The size of your kitchen will depend on the size of your company as well as their needs. For smaller office spaces, a kitchenette can work wonderfully, complete with a fridge and sink. For others, you may require counter space, a stovetop or other amenities seen in the home kitchen. Determine your needs and the budget for that size.
In some offices, you'll find a shared bathroom in the building and thus, this may not play a role in your renovation budget. However, for those working with or hoping to install an internal bathroom, the cost will likely come down to the need for plumbing. A single stall bathroom can cost between $10,000 and $20,000. You may be thinking about installing a shower if your office has rigorous work hours or a gym in the building. Installing a shower can run between $5,000 and $7,000.
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