Depends on Site Conditions and Intended Use
The estimated cost to develop land varies significantly based on its size, topography, zoning, environmental constraints, and intended development type (e.g., industrial, commercial, or mixed-use). Early site conditions—such as grading needs, utility access, and permitting—play a major role in total cost.
- Basic land preparation (clearing, grading, erosion control): $10,000–$50,000+ per acre
- Soft costs (surveys, permits, engineering, and environmental studies): 10%–20% of total development budget
- Zoning changes or wetland mitigation can add substantial costs and delays
Includes Infrastructure, Utilities, and Compliance Costs
Bringing infrastructure to a site—such as roads, electricity, water, sewer, stormwater systems, and broadband—is one of the largest development expenses. Costs also include fees for permits, inspections, and code compliance.
- Utility installation: $50,000–$200,000+ depending on distance and capacity needs
- Stormwater management systems: $10,000–$100,000+
- Impact fees and connection charges from municipalities and utility providers
Varies by Project Scope and Construction Type
The final development cost depends on the type and scale of the structures planned (e.g., warehouses, office buildings, flex spaces), as well as local labor, material, and market conditions.
- Industrial shell buildings: $80–$150 per square foot
- Paved access roads and parking: $5–$10 per square foot
- Higher costs apply for LEED certification, sustainability upgrades, or complex construction