Building Costs & Options
We understand that your primary focus is running your business. Real estate development, including conceptual design, permitting, estimating, financing, regulatory clearances, bidding and construction management can become a colossal distraction.
Therefore, we have assembled a team of regional professionals (design firms, regulatory agencies, financing partners, contractors and others) who are involved in real estate construction on a regular basis. This team is managed by the Greater Erie Industrial Development Corporation. As the region’s primary, non-profit industrial development corporation, GEIDC will work with your team – and our team of regional professionals – to assist with the following:
- Site search assistance
- Brownfield remediation and redevelopment
- Conceptual site and building design
- Land management planning
- Preliminary permitting
- Construction documents
- Construction management
- Build-to-suit turn-key facilities
- Lease-to-own scenarios
Cost is always a concern when selecting a new location. In the Erie region, industrial land costs range from $15,000 to $55,000/acre. Existing manufacturing space leases for $2-$4/square foot, while new manufacturing space leases for $5-$7/square foot. Warehouse space leases for $1-$3/square foot.
We will work with you on whatever space arrangement you prefer – incubator, multi-tenant, turn-key, lease, lease-purchase – whatever approach helps you in the most cost-effective manner.
Contact our partners at the GEIDC today to learn more.