New Shopping complex construction costs

[Jay Real]

I am *Thinking* of venturing into commercial real estate via a small shopping complex project, around 10Ksqft. Since i am new to commercial real estate investment i need some help in estimating the ballpark cost per sqft number for construction, apart from land/permits. Just the construction part. 

For new complex do i need to provide only shell to the tenants and tenants finishes it? if so will tenant demand a credit for doing the interior.

[Joel Owens]

If you have no track record of construction for retail centers plan on banks requiring pre-lease of around 50% of building before funding anything.

As to cost per foot impossible to answer. The shape of the piece of land can dictate building design and can make much more expensive. Also the county or city might require ( high style ) architectural features for build quality that run up standard cost per foot substantially. Right now parts and materials with labor shortage so costs are more expensive than usual. I am buying vacant buildings at less per foot than can build for and repositioning them with a new tenant in place for equity upside.