Commercial Building Costs: A Comprehensive Guide

26 April 2023

By Aaron Barker, Sales Lead

IN BRIEF:


  • Steelcorp offers expert steel construction services for commercial sheds, warehouses, factories, storage facilities, and other industrial buildings.
  • This guide provides approximate costs for commercial shed construction, including per-square-metre costs, kit-only costs, and turnkey build costs.
  • An average commercial warehouse project costs $1,500 – $2,500 per square metre for a turnkey build.

Steelcorp’s Guide to Building Costs for Commercial Properties

Commercial buildings such as warehouses, factories, workshops, and storage facilities encompass a wide range of designs and complexities. Some projects involve straightforward structures, while others require additional features like cantilevered awnings, mezzanine floors, adjoining offices, and oversized roller doors.


While each commercial shed project is unique, initial cost estimates provide valuable insights to help you budget and plan. The figures below offer approximate prices for various types of steel structures we design at Steelcorp. Our team is ready to discuss your individual warehouse project or other commercial buildings to help refine your budget.

Steelcorp Workshop in Action

Industrial Building Costs

How Much Does it Cost to Build an Industrial Structure to Lock-up?


The cost for large-scale industrial buildings, like factories or extensive warehouses with an average size of 76m x 36m, ranges between $960,000 and $1.1 million. For extra-large industrial buildings (averaging 120m x 45m or more), prices generally range from $1.9 million to $2.2 million.


Additional Structure Costs:


  • Adding a Gantry Crane: Industrial buildings needing gantry cranes require additional structural strength, which can add 20 – 30% to the total build cost.
  • Including a Canopy or Awning: Adding an industrial awning or canopy typically costs around $200 per square metre.

Cost to Build a School COLA

Covered Outdoor Learning Areas (COLAs), sports covers, and open-sided shade structures usually cost approximately $280 per square metre.

How Much Does it Cost to Build a Farm Shed?

Steel farm sheds, including bulk storage for grains, feed, or produce, cost around $350 per square metre. For indoor arenas, equestrian complexes, and stables, the price generally falls around $300 per square metre.

See how Steelcorp’s turnkey solutions can streamline your build
Steelcorp COLA Structure

Get an Accurate Quote for Your Commercial Shed or Warehouse Project

The costs outlined in this guide are for lock-up stage and are intended as estimates. Material costs, including steel prices, can vary, so we encourage you to contact Steelcorp’s expert team to discuss your commercial shed or industrial building project in detail.


Steelcorp specialises in complex, customised commercial structures and has completed projects across various industries. Check out some of our recent work or reach out to Aaron today to get a detailed proposal and accurate costs tailored to your needs.

Aaron Barker, Steelcorp Sales Lead
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