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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.
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 ...
Asia Square: Singapore Singapore: Denton Corker Marshall with Architects61 CapitaLand Integrated Commercial Trust, Qatar Investment Authority 2013 4.06 [14] [15] 4.49 Suntec City: Singapore Singapore: I. M. Pei with DP Architects and Tsao & McKown Architects: Suntec REIT 1997 3.81 [16] 3.81 One World Trade Center: New York City United States
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.
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As construction progressed, 432 Park's developers raised asking prices for the building's units several times. [91] [92] A brochure in June 2012 indicated that units would cost $4,500 per square foot ($48,000/m 2), [93] but that rate had increased to $5,800 per square foot ($62,000/m 2) by September 2012. [94]
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.
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