The global pre-engineered building market in 2019 was at 14.5 billion USD and is expected to grow at a compound annual growth rate (CAGR) of 11.5% to 25.0 billion USD by 2024. And there is a solid reason behind it.
The rise of e-commerce platforms has led to the demand for quick installation and sturdy buildings. Goods need to be stored at multiple places so that they can be easily accessed & sent to the customer at the earliest. However, this is just one part of the story.
Another factor you need to consider is the global call to take action against rising climate issues. Hence, a rise in demand for green buildings. No doubt, steel is 100% recyclable and efficient structures when appropriately designed.
Also, commercial metal buildings are a great option as an investment. Whether you want to start your own business or you would like to use it as a rental unit, they serve multiple purposes. “How?” you may ask. Shall we have a look…
Perks of Having Commercial Metal Buildings
Reliable Structure
The commercial metal buildings or steel structures are:
- Strong with high tensile strength
- Lightweight
- Clear span, i.e., column-free
- Sturdy build
- Fast to install
With these benefits, who can beat it? With a little maintenance, they will last you for decades. They are worth every cent if you ask. It is worth mentioning that the constituents inside your metal structure are protected from harsh weather conditions & unwanted pests.
Economical
With an average price of $8 per sq. ft., prefab steel comes at a competitive price point. And for concrete slabs, $5 to $6 per sq. ft. is the average range. To this, add insulation & labor charges at around $4 per sq. ft.
Of course, the more customization features you add to the structure, the more it is going to cost. And on top of it, who does not like to reduce their operational cost? Think about it for a minute. With metal buildings, you pay less for:
- Monthly upkeep
- Insurance premium
- Electricity bills
- No termite inspection or control cost
- No chemical spray cost
And much more. You can use this saved money to buy more equity or to expand your business. The low operational cost will mean you can sell the product to the end consumer at a market-competitive price. This will keep you in business and let you excel in it someday. After all, price control is vital in business selling goods & services.
Versatile Design
Not every business has the same need, and not every metal building has the same features. You can personalize your metal structure as per requirement. There is something for every business that steel structure can serve. How about we look at some of the ideas:
- External facade to make your building look unique. You can even give it a signature look to it.
- Intensive internal floor plan design.
Healthy Environment
Unlike wood, which can release volatile organic compounds (VOCs), metal does not react to most day-to-day objects. With no unwanted chemical release, no wood dust to cause respiratory issues, and no carbon monoxide checking needed, steel is a relatively safer option for human occupants.
So, opening an office is pretty handy. You can also install a HAVC system with energy efficient designs.
Space Efficient
Commercial metal buildings can be designed to be column-free so that all internal square footage is available as a working space. These types of structures are called clear spans. So, how much a commercial-grade metal structure will cost? The actual cost will vary with steel market price, location, and customization, but we will still give you a rough idea.
- A 24 ft. wide x 40 ft. long x 12 ft. high, vertical roof metal garage unit can cost you around $15,825.
- A 60 ft. wide x 65 ft. long x 16 ft. high, vertical roof metal garage unit can cost you around $120,355.
- A 40 ft. wide x 120 ft. long x 16 ft. high, vertical roof metal garage unit can cost you around $98,758.
Energy Saving
Metal panels are insulated to keep the following in check:
- Condensation
- Moisture build-up
- Temperature
These help to regular the indoor environment. A stable indoor temperature means that your HAVC system has to work less and thereby consume less energy. Hence, low energy bills.
Additionally, you can have vents, skylights, and windows to maintain natural light and air ventilation. And the cherry on the cake is, nowadays, the government has started focusing on energy saving. If you save 50% on your total energy consumption, you may be eligible to file for a tax credit and save up to $1.80 per sq. ft.
Sustainable
Finally, steel is an eco-friendly structure. Hence, you get to promote your brand as sustainable. You would be surprised to know that 87% of people prefer buying from a brand that shows effort in going carbon neutral.
Potential Uses Of Commercial Metal Buildings
As An Office Space
Looking to open a new office space or a new local restaurant? Whatever your need is, steel building will serve you. From the above mentioned advantages, it is clear that metal has a very high endurance. So, an office space could easily be accommodated in a steel building.
As A Retail Store
Every business looks for expansion. A new location means added expense to your existing budget. So, a steel structure would be the best bet if you are looking for a new retail store. Also, initially, you can use half of the building as a storefront and the remaining half as a storage division.
As A Manufacturing Hub
A manufacturing facility requires a large area with minimum obstruction to install machines and equipment. Metal commercial buildings offer a clear span area without any structural support column. This gives you complete freedom to design floor plans as per your needs.
As A Sports Club
Sports & other recreational hubs are supposed to be sturdy and resilient to daily wear and tear. Commercial steel buildings give you a sanitary and healthy habitat for practicing your favorite sports with very little maintenance.
As A Commercial Fitness Center
Fitness centers need large, column-free areas to exercise, keep equipment, and train. A metal building is one of the best choices for opening an exercise, gym, or yoga class.
As A Workshop Or Commercial Garage
A commercial workshop is helpful in doing woodwork pottery making & selling. The need for single or double-storage facilities that harbor healthcare, educational, or social infrastructure is in great demand. Also, you can use your metal buildings as commercial garage units and rent them out to local businesses, malls, or shops.
In addition to this, metal structures can be used for commercial metal buildings like factories, greenhouse, production plants, R&D centers, e-commerce logistics, shipping yard, aircraft hangers, railway platform shed, bus stand shed, commercial shops, etc. Its uses are endless.
Get Your First Commercial Steel Buildings Today
So, what are you waiting for…get your commercial metal building today from your nearest certified steel supplier. Alternatively, you can also get it online by researching various websites. Choose the one that adheres to your local building codes, location, your site & your budget.