Estimate the cost of a 600,000 sf retail building. Similar buildings have been constructed recently. The first one, built two years ago cost $9,100,000 and had 375,000 sf of floor space. Eighteen months ago a 450,000 sf retail outlet building was completed for $12,250,000 and last year a 700,000 sf structure was completed for $17,290,000. Use the historical data and an inverse average price per sf to arrive at an estimated cost.
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