Commercial

Commercial

Commercial Construction Cost Per Square Foot in 2026: By Building Type and Region

Commercial construction cost per square foot in 2026 by building type — office, retail, warehouse, medical, hotel, and restaurant. Regional breakdowns and what's driving cost increases this year.

Sarah Torres · 2026-04-13

Key Metrics

Commercial spending

$134.2B

annual rate
+5.1%Feb 2026

Total private nonresidential construction spending. Data centers and healthcare driving growth.

Office vacancy

19.8%

+0.3%Q1 2026

Warehouse starts

142M sqft

-8%2025

Data center invest

$28.5B

+34%2025

Commercial Spending Trend ($B, monthly)