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Construction costs for the six-story, 52,000-square-foot (4,800 m 2) [2] building were $18.5 million, or $355 per square foot. [3] Including land and soft costs, the cost is $32.5 million. [ 1 ] For this price the building provided "tenant ready" space (as opposed to the typical "cold dark shell" that most commercial spaces deliver [ citation ...
Building codes in the U.S. specify ventilation rates as a minimum of 1 sq ft (0.093 m 2) of opening per 150 sq ft (14 m 2) (1:150) with a ratio of 1:300 in some conditions. [8] Warm air rises, so ceiling insulation is designed to have a higher r-value and the insulation is often installed between the ceiling joists or rafters.
Tenants were willing to pay $7 to $8.30 per square foot ($75.3 to $89.3/m 2) for space on the upper floors, compared to an average of about $5 to $5.25 per square foot ($53.8 to $56.5/m 2) for ordinary new buildings. [133] [134] In the building's first year of operation, the office space was expected to earn about a 13 percent return on investment.
The median price of a new home in December 2024 was $427,000, according to the Census Bureau. That’s up 30% in five years – and mortgage rates now are roughly double what they were just before ...
The building's amenities include 12-foot (3.7 m) ceilings, golf training facilities, and private dining and screening rooms. [40] On floor 12 is an 8,500-square-foot (790 m 2) private restaurant with a 5,000-square-foot (460 m 2) private terrace, [41] which has been led by chef Shaun Hergatt since 2016.
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US Commercial Real Estate Index inputs diagram. The economic drivers behind the CREI are isolated into sub-indices that include the Employment Index, Commercial Real Estate Price Index, Credit Index, Consumer Confidence Index, Housing Index, Inflation Index, Income Index, and the Retail Index.
While the full details of the deal, including the final price that 100 North Tampa sold at, were never released, investors estimate that Prudential purchased the building for up to US$275 per 1 square foot (0.1 m 2). [4] At this price, the building would have been sold for a final price of $150 million, a record price for a premium, Class A ...