Cost comparisons per square foot in select metro markets
By Daryl Delano, Reed Business Information Economist
October 1, 2002
Building Design and Construction
Cost comparisons per square foot in select metro markets
Church
Movie theater
Department store 1 story
Department store 3 story
'02
'01
% chg.
'02
'01
% chg.
'02
'01
% chg.
'02
'01
% chg.
Atlanta
107.02
103.31
3.6
91.60
87.94
4.2
71.84
70.79
1.5
79.33
77.65
2.2
Baltimore
108.80
105.86
2.8
93.12
90.11
3.3
73.04
72.54
0.7
80.65
79.57
1.4
Boston
137.99
133.34
3.5
118.10
113.51
4.1
92.63
91.37
1.4
102.29
100.22
2.1
Chicago
135.26
128.82
5.0
115.77
109.66
5.6
90.80
88.27
2.9
100.26
96.82
3.6
Cleveland
121.73
119.31
2.0
104.19
101.56
2.6
81.72
81.75
0.0
90.24
89.68
0.6
Dallas
101.09
98.44
2.7
86.52
83.80
3.3
67.86
67.45
0.6
74.93
73.99
1.3
Denver
113.67
110.38
3.0
97.28
93.96
3.5
76.30
75.64
0.9
84.26
82.97
1.6
Detroit
126.84
122.68
3.4
108.56
104.42
4.0
85.15
84.06
1.3
94.02
92.20
2.0
Houston
104.89
101.69
3.1
89.77
86.56
3.7
70.41
69.68
1.1
77.75
76.43
1.7
Kansas City
121.62
115.49
5.3
104.09
98.31
5.9
81.64
79.13
3.2
90.15
86.80
3.9
Los Angeles
128.50
125.57
2.3
109.98
106.89
2.9
86.26
86.04
0.3
95.25
94.38
0.9
Miami
101.33
99.25
2.1
86.72
84.49
2.6
68.02
68.01
0.0
75.11
74.60
0.7
Minneapolis
130.75
128.12
2.1
111.91
109.06
2.6
87.77
87.79
0.0
96.92
96.30
0.6
New Orleans
103.94
99.14
4.8
88.96
84.39
5.4
69.77
67.93
2.7
77.04
74.51
3.4
New York City
159.70
155.95
2.4
136.69
132.75
3.0
107.21
106.86
0.3
118.38
117.22
1.0
Philadelphia
133.13
129.17
3.1
113.94
109.95
3.6
89.37
88.51
1.0
98.68
97.09
1.6
Phoenix
106.07
103.43
2.6
90.79
88.04
3.1
71.21
70.87
0.5
78.63
77.74
1.1
Pittsburgh
120.67
117.57
2.6
103.28
100.08
3.2
81.00
80.56
0.5
89.45
88.37
1.2
Portland, Ore.
126.24
123.72
2.0
108.05
105.31
2.6
84.75
84.77
0.0
93.58
92.99
0.6
St. Louis, Mo.
122.21
118.96
2.7
104.60
101.27
3.3
82.04
81.52
0.6
90.59
89.42
1.3
San Diego
125.89
123.02
2.3
107.74
104.72
2.9
84.51
84.30
0.3
93.31
92.47
0.9
San Francisco
148.31
142.15
4.3
126.94
121.01
4.9
99.56
97.41
2.2
109.94
106.85
2.9
Seattle
125.06
121.05
3.3
107.03
103.04
3.9
83.95
82.95
1.2
92.70
90.98
1.9
Washington, D.C.
112.84
109.92
2.7
96.57
93.57
3.2
75.75
75.32
0.6
83.64
82.62
1.2
Winston/Salem
89.70
87.54
2.5
76.77
74.52
3.0
60.22
59.98
0.4
66.49
65.80
1.1
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. R.S. Means Co., P.O. Box 800, Kingston, MA 02364, (781) 585-7880, (800) 448-8182 For more data, visit R.S. Means on the Web at www.rsmeans.com. To use an interactive tool that helps estimate costs, visit www.buildingteam.com.
