How do you calculate utility costs for a business?

How do you calculate utility cost per square foot?

First, you need a benchmark to compare your current costs, usually measured in dollars per square foot (PSF), which you calculate by dividing your monthly utility cost by the total square footage of real estate serviced. For example, in 2018, private-sector office buildings reported a utility cost of $2.14 PSF.

What is the basis for utilities?

Utilities are the basic services your home, apartment, or business needs to keep it comfortable and functioning properly. Common utilities include water, sewer, electric, gas, trash, and recycling. Technology subscriptions like cable TV, internet, security, and phone service can also be considered utilities.

What are the example of utilities?

Utilities mean useful features, or something useful to the home such as electricity, gas, water, cable and telephone. Examples of utilities are brakes, gas caps and a steering wheel in a car.

What is the average utility cost per square foot?

The answer: The average cost of utilities for commercial buildings is $2.10 per square foot.

What is the average utility cost for a small business?

Utilities: Around $2 per square foot of office space

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According to Iota Communications, the average cost of utilities for commercial buildings is $2.10 per square foot.

How many kilowatts does a 2000 square foot house use?

The average 2,000 sq. ft. U.S. home uses around 1,000 kWh of energy per month or about 32 kWh per day. A EIA.gov reported the average yearly electricity use for a residential utility customer in the U.S. was 10,399 kWh (867/month) with Louisiana coming in at the highest with 14,242 kWh a customer in a residential unit.

How much is the water bill per month?

Water: around 20€ per person per month, or less if you have your own boiler or are grandfathered into paying old hot water prices. This happens rather frequently in 30-40 year old buildings in Madrid. These bills are directly included in the “community costs” paid by the landlord.

How much does the average person spend on gas a month 2020?

Nearly 90% of U.S. households report spending money on gasoline, an average of nearly $3,000 per year. The average cost of gas per month is $250.