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Guy Incognito

Joined: 6/18/05 Posts: 1357
Likes: 347

That's what I thought too...

Read this recently. Obviously depends a lot on age, the building, and the new use.

...Maloney said it could cost a landlord roughly $100 per square foot to retrofit an old Sears store, or break it up into three or four spaces to be used for new retail (with restaurants and other types of uses costing more or less, depending). Demolition could cost closer to $30 per square foot, and building a new shell (or set of stores) on top of the dirt could cost about the same, he said. In this case, demolition and building a new structure would be less expensive.

Overall, "it all depends on location, and who's going to be doing it," Maloney said. "All of those things you have to take into consideration..."

(In response to this post by MaizeAndBlueWahoo)

Link: CNBC

Posted: 01/09/2019 at 4:58PM


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