The average cost to renovate a store in Chicago ranges from $40 to $100 per square foot, with high-end renovations exceeding $150 per square foot. Factors such as material quality, labor rates, and design complexity significantly influence these costs.

Chicago’s renovation costs are influenced by its high labor rates, stringent building codes, and demand for specialized contractors. According to a 2023 report by RSMeans, labor costs for commercial renovations in the region average $45 to $65 per hour, contributing to the per-square-foot estimate. Material expenses vary widely; mid-range finishes like carpeting and basic drywall cost $15 to $30 per square foot, while premium materials like marble or custom cabinetry can exceed $80 per square foot. Permits and compliance with the Chicago Building Code add approximately $2 to $5 per square foot, as noted by the city’s 2022 construction permit data. Additionally, urban location premiums apply, with downtown areas seeing 10–20% higher costs than suburban zones due to limited space and higher demand. A study by the National Association of General Contractors (NAGC) in 2023 highlighted that Chicago’s commercial renovation costs are 15% above the national average, driven by supply chain delays and inflation. These factors collectively explain the range of $40–$100 per square foot, with extreme variations based on project scope and market conditions.