How do you calculate cost per square foot?


To calculate cost per square foot, divide the purchase price of a house by its total square footage. For instance, if a house with 2,000 square feet sells for $180,000, the cost per square foot is $90 per square foot.

Cost per square foot can also be determined for rental property. Divide the amount of the annual rent by the number of square feet. For instance, a 1,000-square-foot property that rents for $10,800 a year costs $10.80 per square foot. In rentals, square footage sometimes includes a portion of the spaces available to all tenants, such as lobbies and hallways. On the other hand, "usable square feet" refers only to the square footage within the walls of the leased area.

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1 Additional Answer Answer for: how to calculate cost per square foot
How to Calculate the Cost Per Square Foot of a Restaurant
Calculating the cost per square foot of a restaurant will tell you the cost of construction to build the restaurant or the cost paid for an existing restaurant broken down per square foot. This figure is useful for comparing the cost of restaurants in... More »
Difficulty: Moderately Easy
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