You recently took 5,000 square feet of new space that hadn't been built out at all and put in a childcare facility. That project ended up costing $550,000. But, for this project, you have to demo the existing space, so that will add about 10 percent. However, this project is only 4,000 square feet, so that's 20 percent less space. What is the Analogous Cost Estimate?

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To calculate the Analogous Cost Estimate for this project we need to consider the cost of the new pr... View the full answer