Most likely cheaper to convert office space rather than rebuilding .At the same time there is the trend of less people working in traditional offices .

Was the cost of spray foam more expensive then the cost to rip down, fiberglass and rebuild?

If you are using financing, replacement cost insurance may be required by the lender, which would cover the total cost of rebuilding the property.Foremost is a good place to start for a provider (go through a Farmer's agent to get the best deal - Foremost is owned by Farmer's, and they issue policies in Alabama). 

Rebuild from fire at fixed price quote for $95,000, Licensed, Bonded, Liability Ins and Workman's Comp certifications in place. 

Slowing down was the  key for our company to grow and rebuild.

Right now I am focused on SFR investment real estate sales for the benefit of my clients and when the times is right I will re-build my portfolio.  

A complete rebuild as you have stated would best be evaluated by a contractor if you're having issues estimating the costs yourself.

I have looked at this objectively from every angle, so far, the probability of price fixing is the only viable answer.How can they all increase rates around 33 to 38% in two years without a justification of price values, costs to re-build, etc.?

And take South side of Chicago for example.. there are literally thousands of vacant MF buildings.. that you can buy for a fraction of what they would cost to rebuild. 

@Mallie Messri My decision to rebuild was based on several factors.