Originally Posted by richb
There is no way you could do finishes like that at prices like that. Unless you are only counting just the finish. Raw space to me is walls and a roof. In the case of the first floor, not even concrete poured yet. All plumbing, all HVAC not just ducts, interior framing walls, drywall, dropped ceilings, painting, wall and floor covering, equipment and furniture. Heck you can have a hard time building a track house for 50 bucks a sq. ft. It would have to be really cheap finishes built by non-union labor.
Well I have the winning bid sitting right here in front of me and the total works out to about $72/SF and that includes extending HVAC (including VAV boxes), sprinklers/life safety system, Electrical, Plumbing, Drop ceiling, Interior Framing and all finishes. It doesn't include Furniture, but then again a construction bid almost never includes furniture since tenants usually bid that out separately. Also I've never seen "equipment" included in a build out cost. Any equipment (excluding IT infrastructure) you are bringing into the space is going to be completely separate from the fit-out costs. They are planning on using above average (but not stunning) finishes including a lot of stone work.
As I said before, we just did another build out a few years ago that was considered ridiculously high end with tons of interior walls, mahogany paneling, marble floors, Parquet floors in the massive executive offices, etc for a hair over $90/SF.
I'm not sure why you are comparing a track house to a Class A Office Building or why you are comparing from the ground up construction to interior fit out, but that has nothing to do with the subject at hand. Fact is I'm actually doing this kind of work and these are the real numbers we are paying. There is really nothing I can do to convince you if you don't believe me.