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Buying will be cheaper than renting for county |

Buying will be cheaper than renting for county

| Sunday, December 7, 2003 12:00 a.m

Butler County officials say the rate per square foot they’ll pay over the next 20 years to buy space in the yet-to-be-built Standard Center is a bargain compared to what they’d pay if they tried to rent the space.

The numbers back them up.

The county is to pay $7.65 per square foot annually over the next 20 years for two floors of space in the Standard Center, a three-story structure planned by county Chief Clerk William O’Donnell.

Nearby in the Pullman Center business park, the state welfare office pays $13.80 per square foot in a building constructed in 1999, according to an appraisal by David King of Nicklas King McConahy, of Cranberry.

Rental rates in the business park range from $11 to $15 per square foot, King said.

Space is cheaper in Pullman Commons, but not as polished, said Diane Sheets, deputy director of the Community Development Corporation of Butler County, a nonprofit agency.

About 10,000 square feet in the Commons, built by the Regional Industrial Development Corporation, is available at lease rates of $7 to $10 per square foot, Sheets said.

Rates for 48,000 square feet of space in two other corporation buildings are $11 to $15 per square foot, Sheets said.

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