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Build-Out costs and planning for Real Estate office

SuN:
I am starting up a Real Estate office and am finding the build-out process to be a little more challenging (read: expensive) than I originally thought. Here is the scope of the build-out:
Space is approx 1900 sq. ft. I need to have about 4 offices within the space, the rest of the floor plan will be open. The build-out design is fairly simple and straight forward. The initial quotes I`m getting from architects to design the interior space and walls is anywhere so far from $2500-5000. This seems awful high to me. We`re talking I only need 1 moderate sized boardroom, 1 broker office, and 2 smaller meeting rooms.
My questions are:
1. Does anyone know what a typical build-out cost should run for an office like this.
2. Are the Architect fees realistic? Am I just not asking the right questions of the architects?
3. Does anyone have any pictures of thier office spaces they occupy and would they be willing to share what those build-out costs ran?
Any help is GREATLY appreciated.
-R
I am starting up a Real Estate office and am finding the build-out process to be a little more challenging (read: expensive) than I originally thought. Here is the scope of the build-out:
Space is approx 1900 sq. ft. I need to have about 4 offices within the space, the rest of the floor plan will be open. The build-out design is fairly simple and straight forward. The initial quotes I`m getting from architects to design the interior space and walls is anywhere so far from $2500-5000. This seems awful high to me. We`re talking I only need 1 moderate sized boardroom, 1 broker office, and 2 smaller meeting rooms.
My questions are:
1. Does anyone know what a typical build-out cost should run for an office like this.
2. Are the Architect fees realistic? Am I just not asking the right questions of the architects?
3. Does anyone have any pictures of thier office spaces they occupy and would they be willing to share what those build-out costs ran?
Any help is GREATLY appreciated.
-R
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Comments
Unless your local code requires it, most small tenant improvement projects like yours don`t necessarily need the services of a licensed architect. In my part of the world (Seattle), it is common to use a design-build contractor to do this type of work. They can do the design, take out the permits, and build the job all for one price.
If you are building in a strip mall or office park, you may want to find out who has been doing the build-outs for the other tenants. Usually, there will be one or two contractors who do most of the work in any given building and they can often be very cost effective because they are already familiar with the structure.
Good luck with the project!
Thanks for the feedback, it`s really helpful and good luck with your venture as well.
Thanks a bunch.
The cost also depends on which part of the globe you are, costs in America and Europe will certainly be higher.
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This way you can save some where in the range of 40% of budget.
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These days since people have very little time to look into the sourcing of building material the construction company or the contractor will take care of the same for you.
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