Cost Per Square Foot Calculator

Formula

The formula to calculate the Cost Per Square Foot (CPSF) is:

\[ \text{CPSF} = \frac{\text{TC}}{\text{A}} \]

Where:

$\text{CPSF}$ is the cost per square foot
$\text{TC}$ is the total cost of the building ($)
$\text{A}$ is the total area in square footage (sq ft)

Cost Per Square Foot Definition

A cost per square foot is a cost per unit of the area typically used in real estate to describe the value of a property by area. It provides a standardized measure for comparing the cost efficiency of different properties or construction projects.

Example Calculation

Let's assume the following values:

Total Cost of the Building (TC) = $500,000
Total Area in Square Footage (A) = 2,500 sq ft

Using the formula:

\[ \text{CPSF} = \frac{500000}{2500} = 200 \]

The Cost Per Square Foot (CPSF) is $200 per sq ft.