Cost comparisons per square foot in select metro markets
Staff
June 1, 2002
Building Design and Construction
Cost comparisons per square foot in select metro markets
Hotel
Hotel
Motel
Apartment
4-7 stories
8-24 stories
2-3 stories
4-7 stories
'02
'01
% chg.
'02
'01
% chg.
'02
'01
% chg.
'02
'01
% chg.
Atlanta
92.42
90.05
2.6
87.90
85.68
2.6
102.95
99.15
3.8
95.60
92.01
3.9
Baltimore
94.38
92.77
1.7
89.76
88.27
1.7
105.13
102.15
2.9
97.63
94.79
3.0
Boston
118.62
116.80
1.6
112.82
111.32
1.3
132.14
128.60
2.7
122.71
119.34
2.8
Chicago
115.53
112.46
2.7
109.87
107.00
2.7
128.69
123.82
3.9
119.50
114.91
4.0
Cleveland
105.94
103.98
1.9
100.75
98.93
1.8
118.00
114.48
3.1
109.58
106.24
3.1
Dallas
87.88
85.91
2.3
83.58
82.46
1.4
97.89
94.59
3.5
90.91
87.78
3.6
Denver
98.30
96.81
1.5
93.49
92.11
1.5
109.50
106.59
2.7
101.69
98.92
2.8
Detroit
109.85
107.21
2.5
104.48
102.01
2.4
122.37
118.04
3.7
113.64
109.55
3.7
Houston
91.08
89.44
1.8
86.62
85.10
1.8
101.46
98.48
3.0
94.22
91.39
3.1
Kansas City
103.87
100.95
2.9
98.79
96.05
2.8
115.70
111.15
4.1
107.45
103.15
4.2
Los Angeles
111.71
109.53
2.0
106.24
104.31
1.9
124.44
120.60
3.2
115.56
111.92
3.3
Miami
87.78
86.92
1.0
83.48
82.70
0.9
97.78
95.70
2.2
90.80
88.81
2.2
Minneapolis
113.57
112.66
0.8
108.01
107.19
0.8
126.50
124.04
2.0
117.48
115.12
2.1
New Orleans
88.19
86.51
1.9
83.88
82.31
1.9
98.24
95.26
3.1
91.23
88.40
3.2
New York City
138.84
135.78
2.3
132.04
129.19
2.2
154.66
149.50
3.5
143.62
138.74
3.5
Philadelphia
114.70
113.06
1.4
109.09
107.58
1.4
127.77
124.49
2.6
118.65
115.53
2.7
Phoenix
92.22
90.15
2.3
87.70
85.77
2.2
102.72
99.26
3.5
95.39
92.11
3.6
Pittsburgh
104.90
102.46
2.4
99.77
97.49
2.3
116.85
112.82
3.6
108.51
104.70
3.6
Portland
109.13
108.32
0.8
103.79
103.06
0.7
121.56
119.26
1.9
112.89
110.68
2.0
St. Louis
106.24
104.18
2.0
101.04
99.12
1.9
118.35
114.71
3.2
109.90
106.45
3.2
San Diego
109.13
107.31
1.7
103.79
102.10
1.7
121.56
118.15
2.9
112.89
109.65
3.0
San Francisco
128.32
125.38
2.3
122.04
119.29
2.3
142.94
138.05
3.5
132.73
128.11
3.6
Seattle
108.72
105.59
3.0
103.40
100.47
2.9
121.10
116.26
4.2
112.46
107.89
4.2
Washington, D.C.
97.48
95.90
1.6
92.70
91.34
1.5
108.58
105.59
2.8
100.83
97.99
2.9
Winston/Salem
77.78
76.62
1.5
73.97
73.09
1.2
86.63
84.36
2.7
80.45
78.29
2.8
NOTE: Costs are for the basic building and do not include sitework, land, development, specialty finishes or equipment. Square foot costs vary significantly from project to project because of quality, complexity and economic climate. For a detailed list of building components included in these figures, see Means Square Foot Costs. For more data, visit R.S. Means on the Web at
www.rsmeans.com,
or contact R.S. Means Co., P.O. Box 800, Kingston, MA 02364, (781) 585-7880, (800) 448-8182.
