According to industry standards, what is the typical cost range per square foot for implementing comprehensive IoT systems in new commercial architectural projects?

In today's architectural landscape, smart building technology is transforming how structures interact with their occupants. IoT devices connect everything from HVAC systems to lighting, security, and space utilization. But implementing these advanced systems comes with varying costs depending on building size, complexity, and desired capabilities. Test your knowledge about the financial aspect of architectural IoT integration in this challenging trivia question!

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$0.50 to $1.50 per square foot
$2.00 to $5.00 per square foot
$7.50 to $12.00 per square foot
$15.00 to $25.00 per square foot