What is Price per Square Foot?

Price per Square Foot (PSF) is a benchmark dividing a property’s total cost by its floor area, offering a concise metric for valuation and comparison across different units or projects.

• Easy Cross-Comparison: Helps buyers evaluate cost differences among similar locales.
• Spatial Consistency: Accounts for total usable area (might differ from net area).
• Market-Influenced: Prime neighborhoods or premium amenities drive higher PSF rates.
• Guides Negotiations: Provides a baseline for price adjustments.

PSF simplifies property evaluation, letting stakeholders weigh affordability and investment appeal quickly.