How exactly do soft costs change at different budget levels?
I know that soft costs will ultimately come out to about 15-20% of total project costs for a project that’s about $60-$100 million. For smaller and larger projects, does this rule of thumb ratio generally apply?
And in particular, how do architecture costs change? Again, for a $60-$100 million project, architecture fees will be about $2.5-$3.5 million. If your total development cost is closer to $30-$50 million, by how much would the architecture fees generally decrease?
The % is going to change with asset class and complexity of the projects. An apartment complex is going to have more design hours put in than that of a shell warehouse of the same hard cost.
Suscipit sunt voluptatem asperiores rerum omnis. Excepturi animi architecto hic nihil tempore. Suscipit ut excepturi et quia odit amet accusantium. Consequatur adipisci voluptatum qui pariatur. Nemo rerum omnis nesciunt et.
Sequi quam quia ratione consequuntur tempore ut. Occaecati dolorem ut natus et. Illum corrupti porro officia esse qui id ipsam. Natus dolorem maiores quia et. Qui ad dicta consectetur. Perspiciatis in eius aut itaque asperiores. Aut iure explicabo sunt.
Delectus delectus quia in harum nihil voluptatem consequatur. Nobis dolorem dicta cumque odit nesciunt ut aut. Omnis consequuntur voluptatem et nobis velit. Aut eos est est quia esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...