HOUSTON – The cost of commercial buildout is not changing too much year-over-year, per Kirksey's Construction Cost 2017 Update, but experts agree that demand in other sectors is stabilizing those prices.
The update did not show too many changes in material construction costs—the cost of building a one-story flex office building, for example, increased around $1 per sf from 2016.
The volume of freestanding office building projects underway in Houston has plummeted, but an increase in piecemeal office interiors renovations and building renovations has kept construction companies busy.
Check out Houston Office Market Research.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.