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Date: 2024-04-23 Page is: DBtxt001.php txt00019702

Some Base Data
Construction costs

An in-depth look at construction costs per square foot in the United States from https://ccorpinsights.com/costs-per-square-foot/

Burgess COMMENTARY

Peter Burgess
An in-depth look at construction costs per square foot in the United States. This construction market analysis includes detailed information on residential, commercial, healthcare, primary and secondary education, higher education, public and community facilities, and parking structures. Image U.S. Costs per Square Foot of Gross Floor Area 2020 Chart West Midwest South East Washington DC Philadelphia New York Boston Raleigh-Durham RESIDENTIAL Single Family Detached-Medium Quality $276 $230 $304 $254 $396 $330 $337 $281 $222 $186 Apartment/Condominium-Mid Rise $418 $322 $512 $393 $859 $461 $510 $392 $373 $288 COMMERCIAL / OFFICE Single Story $313 $260 $382 $319 $448 $373 $381 $318 $279 $233 Mid-Rise $623 $519 $762 $635 $892 $744 $760 $634 $557 $465 High Rise $716 $596 $876 $729 $1,026 $854 $874 $728 $641 $533 RETAIL Neighborhood Strip Center $322 $268 $393 $328 $461 $384 $392 $327 $288 $240 Regional Mall $480 $400 $587 $489 $687 $573 $586 $488 $429 $357 HOSPITALITY / LODGING Three-Star Hotel $523 $436 $640 $534 $749 $625 $638 $532 $468 $317 Five-Star Hotel $747 $516 $914 $762 $1,108 $892 $912 $760 $673 $456 WAREHOUSE / MANUFACTURING Warehouse-Regional Distribution $225 $161 $276 $197 $323 $231 $275 $196 $202 $144 Warehouse-Light Industrial $250 $179 $306 $219 $359 $256 $306 $218 $224 $160 Manufacturing-Tech Laboratory $625 $522 $765 $638 $895 $747 $763 $637 $559 $467 HEALTHCARE Acute Care Facility $1,025 $770 $1,066 $800 $1,468 $1,102 $1,251 $939 $779 $585 Medical Office Building $526 $438 $547 $455 $753 $627 $641 $534 $399 $333 Specialty Clinic $657 $548 $683 $569 $941 $784 $802 $668 $500 $416 PRIMARY & SECONDARY EDUCATION Elementary School $324 $270 $317 $264 $464 $386 $395 $329 $232 $193 Middle School $355 $296 $347 $289 $508 $423 $433 $361 $253 $211 High School $390 $325 $382 $318 $558 $465 $476 $396 $279 $233 HIGHER EDUCATION Academic/Classroom $612 $510 $674 $561 $876 $730 $747 $622 $493 $410 Laboratory $761 $634 $931 $775 $1,090 $908 $929 $773 $680 $567 Administration $632 $527 $696 $580 $905 $755 $772 $643 $509 $424 Dormitory $337 $274 $371 $301 $483 $392 $412 $334 $272 $220 PUBLIC / COMMUNITY FACILITIES Gov't Adminstrative Buildings $601 $496 $735 $607 $860 $711 $733 $606 $538 $444 Museum/Performing Arts $910 $728 $1,114 $891 $1,304 $1,043 $1,111 $889 $815 $651 Recreation/Gymnasium $391 $326 $478 $398 $559 $466 $477 $397 $350 $291 Police Stations $568 $474 $695 $579 $814 $678 $693 $578 $509 $424 PARKING STRUCTURES Below Grade-Multi-Level $147 $121 $180 $148 $211 $173 $180 $147 $132 $108 Above Grade-Multi-Level $69 $53 $85 $65 $99 $76 $85 $65 $62 $48 Notes: a. Costs represent current construction costs only. Land acquisition, professional fees, permits, FF&E and soft costs are not included. b. Costs are for complete structure shell and interior build-out to five feet out and excludes sitework. c. Costs represent typical specifications for the location identified, and do not account for unique site conditions. d. Costs represent projects built within city limits. Projects built in regions adjacent to the municipality may cost less. Image U.S. Costs per Square Foot of Gross Floor Area 2020 Chart West Midwest South East Denver Chicago Nashville RESIDENTIAL Single Family Detached-Medium Quality $383 $115 $353 $294 $258 $215 Apartment/Condominium-Mid Rise $314 $133 $534 $411 $390 $300 COMMERCIAL / OFFICE Single Story $203 $135 $399 $332 $291 $243 Mid-Rise $293 $216 $795 $663 $580 $484 High Rise $485 $345 $914 $761 $667 $556 RETAIL Neighborhood Strip Center $309 $258 $411 $343 $300 $250 Regional Mall $461 $384 $613 $511 $447 $373 HOSPITALITY / LODGING Three-Star Hotel $502 $364 $635 $483 $463 $353 Five-Star Hotel $717 $491 $906 $648 $662 $473 WAREHOUSE / MANUFACTURING Warehouse-Regional Distribution $216 $155 $288 $206 $210 $150 Warehouse-Light Industrial $240 $172 $320 $228 $233 $167 Manufacturing-Tech Laboratory $600 $501 $798 $666 $583 $486 HEALTHCARE Acute Care Facility $729 $528 $1,113 $835 $812 $610 Medical Office Building $429 $357 $570 $475 $416 $347 Specialty Clinic $536 $447 $713 $594 $521 $434 PRIMARY & SECONDARY EDUCATION Elementary School $249 $207 $314 $262 $229 $191 Middle School $272 $227 $344 $287 $251 $209 High School $299 $249 $378 $315 $276 $230 HIGHER EDUCATION Academic/Classroom $474 $421 $703 $586 $513 $428 Laboratory $687 $553 $971 $809 $709 $591 Administration $493 $412 $726 $606 $530 $442 Dormitory $291 $237 $388 $315 $283 $230 PUBLIC / COMMUNITY FACILITIES Gov't Adminstrative Buildings $576 $476 $767 $634 $560 $463 Museum/Performing Arts $874 $699 $1,162 $930 $848 $679 Recreation/Gymnasium $375 $312 $499 $416 $364 $303 Police Stations $545 $455 $725 $605 $530 $441 PARKING STRUCTURES Below Grade-Multi-Level $142 $116 $188 $154 $137 $113 Above Grade-Multi-Level $67 $51 $89 $68 $65 $50 Notes: a. Costs represent current construction costs only. Land acquisition, professional fees, permits, FF&E and soft costs are not included. b. Costs are for complete structure shell and interior build-out to five feet out and excludes sitework. c. Costs represent typical specifications for the location identified, and do not account for unique site conditions. d. Costs represent projects built within city limits. Projects built in regions adjacent to the municipality may cost less. Chart West Midwest South East Atlanta Dallas Miami Orlando RESIDENTIAL Single Family Detached-Medium Quality $234 $195 $228 $190 $225 $187 $221 $184 Apartment/Condominium-Mid Rise $394 $303 $383 $295 $379 $230 $372 $190 COMMERCIAL / OFFICE Single Story $294 $245 $287 $239 $283 $235 $278 $231 Mid-Rise $586 $489 $571 $476 $564 $470 $554 $462 High Rise $674 $561 $657 $547 $648 $540 $637 $530 RETAIL Neighborhood Strip Center $303 $253 $295 $246 $291 $242 $286 $238 Regional Mall $452 $377 $440 $367 $435 $362 $427 $356 HOSPITALITY / LODGING Three-Star Hotel $493 $333 $480 $336 $473 $351 $465 $345 Five-Star Hotel $708 $480 $685 $464 $676 $455 $664 $447 WAREHOUSE / MANUFACTURING Warehouse-Regional Distribution $212 $152 $207 $148 $204 $146 $200 $143 Warehouse-Light Industrial $236 $168 $230 $164 $227 $162 $223 $159 Manufacturing-Tech Laboratory $589 $491 $573 $478 $566 $472 $556 $464 HEALTHCARE Acute Care Facility $821 $616 $799 $600 $789 $591 $775 $581 Medical Office Building $421 $351 $410 $341 $475 $350 $485 $360 Specialty Clinic $526 $438 $512 $427 $505 $421 $496 $414 PRIMARY & SECONDARY EDUCATION Elementary School $244 $203 $238 $198 $234 $195 $230 $192 Middle School $267 $223 $260 $217 $257 $214 $252 $210 High School $294 $245 $286 $238 $282 $235 $277 $231 HIGHER EDUCATION Academic/Classroom $518 $432 $505 $421 $498 $415 $489 $408 Laboratory $716 $597 $698 $581 $688 $573 $676 $563 Administration $536 $447 $522 $435 $515 $430 $506 $422 Dormitory $286 $232 $278 $226 $275 $223 $270 $219 PUBLIC / COMMUNITY FACILITIES Gov't Adminstrative Buildings $565 $467 $551 $455 $544 $449 $534 $441 Museum/Performing Arts $857 $686 $835 $668 $824 $659 $809 $647 Recreation/Gymnasium $368 $307 $358 $299 $353 $294 $347 $289 Police Stations $535 $446 $521 $434 $514 $429 $505 $421 PARKING STRUCTURES Below Grade-Multi-Level $139 $114 $135 $111 $133 $109 $131 $107 Above Grade-Multi-Level $65 $50 $64 $49 $63 $48 $62 $47 Notes: a. Costs represent current construction costs only. Land acquisition, professional fees, permits, FF&E and soft costs are not included. b. Costs are for complete structure shell and interior build-out to five feet out and excludes sitework. c. Costs represent typical specifications for the location identified, and do not account for unique site conditions. d. Costs represent projects built within city limits. Projects built in regions adjacent to the municipality may cost less. Image U.S. Costs per Square Foot of Gross Floor Area 2020 Chart West Midwest South East San Francisco Los Angeles San Diego Sacramento Las Vegas Seattle Portland Honolulu RESIDENTIAL Single Family Detached-Medium Quality $386 $322 $241 $65 $246 $139 $226 $128 $223 $116 $360 $250 $294 $245 $355 $296 Apartment/Condominium-Mid Rise $584 $449 $529 $294 $503 $273 $463 $251 $469 $361 $469 $361 $445 $343 $537 $413 COMMERCIAL / OFFICE Single Story $437 $364 $395 $327 $405 $325 $351 $289 $350 $292 $350 $292 $333 $277 $401 $335 Mid-Rise $870 $726 $567 $371 $466 $359 $429 $330 $698 $582 $629 $501 $597 $476 $600 $500 High Rise $1,001 $833 $688 $458 $678 $430 $624 $396 $803 $669 $696 $561 $661 $533 $690 $574 RETAIL Neighborhood Strip Center $449 $375 $298 $165 $294 $163 $270 $150 $361 $301 $361 $301 $343 $286 $413 $345 Regional Mall $671 $559 $607 $397 $583 $386 $536 $355 $538 $449 $538 $449 $511 $426 $617 $514 HOSPITALITY / LODGING Three-Star Hotel $731 $555 $661 $425 $482 $348 $443 $320 $587 $354 $452 $376 $429 $358 $577 $480 Five-Star Hotel $1,044 $761 $945 $679 $712 $456 $655 $420 $838 $458 $838 $591 $796 $561 $960 $691 WAREHOUSE / MANUFACTURING Warehouse-Regional Distribution $315 $225 $285 $203 $273 $194 $251 $178 $253 $180 $253 $180 $240 $171 $289 $207 Warehouse-Light Industrial $350 $250 $317 $226 $304 $219 $280 $201 $281 $201 $281 $201 $267 $191 $322 $230 Manufacturing-Tech Laboratory $874 $729 $790 $659 $755 $625 $695 $575 $701 $585 $701 $585 $666 $556 $803 $670 HEALTHCARE Acute Care Facility $1,433 $1,075 $1,296 $973 $1,238 $929 $1,139 $855 $977 $733 $782 $566 $743 $538 $1,455 $821 Medical Office Building $734 $612 $598 $498 $571 $476 $525 $438 $451 $376 $493 $398 $469 $378 $1,018 $849 Specialty Clinic $918 $765 $748 $623 $714 $595 $657 $547 $564 $470 $663 $553 $630 $525 $1,213 $1,010 PRIMARY & SECONDARY EDUCATION Elementary School $490 $411 $410 $341 $391 $326 $360 $300 $291 $242 $330 $290 $276 $230 $416 $347 Middle School $539 $453 $448 $374 $428 $357 $394 $328 $318 $265 $450 $300 $302 $252 $455 $380 High School $594 $494 $493 $411 $471 $392 $433 $361 $350 $291 $500 $350 $332 $277 $542 $417 HIGHER EDUCATION Academic/Classroom $816 $680 $774 $645 $739 $616 $680 $567 $617 $515 $617 $515 $587 $489 $707 $589 Laboratory $1,029 $800 $962 $801 $816 $637 $751 $586 $853 $711 $853 $711 $811 $675 $977 $814 Administration $816 $691 $799 $666 $735 $626 $676 $576 $638 $532 $638 $532 $606 $505 $731 $609 Dormitory $514 $430 $426 $401 $407 $343 $374 $316 $340 $276 $340 $276 $323 $262 $390 $316 PUBLIC / COMMUNITY FACILITIES Gov't Adminstrative Buildings $844 $521 $759 $627 $599 $463 $551 $426 $673 $557 $673 $557 $640 $529 $771 $638 Museum/Performing Arts $1,272 $727 $1,151 $921 $1,099 $707 $1,011 $650 $1,021 $817 $1,021 $817 $970 $776 $1,169 $935 Recreation/Gymnasium $683 $548 $494 $412 $490 $386 $451 $355 $438 $365 $438 $365 $416 $347 $502 $418 Police Stations $904 $649 $718 $599 $686 $572 $631 $526 $637 $531 $637 $531 $605 $504 $730 $608 PARKING STRUCTURES Below Grade-Multi-Level $168 $112 $186 $120 $180 $130 $125 $86 $165 $135 $175 $135 $157 $129 $189 $155 Above Grade-Multi-Level $119 $79 $98 $49 $98 $66 $90 $61 $78 $60 $90 $68 $82 $65 $107 $82 Notes: a. Costs represent current construction costs only. Land acquisition, professional fees, permits, FF&E and soft costs are not included. b. Costs are for complete structure shell and interior build-out to five feet out and excludes sitework. c. Costs represent typical specifications for the location identified, and do not account for unique site conditions. d. Costs represent projects built within city limits. Projects built in regions adjacent to the municipality may cost less.

The text being discussed is available at
https://ccorpinsights.com/costs-per-square-foot/
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