Cost comparisons per square foot in select metro markets
By Daryl Delano, Reed Business Information Economist
November 1, 2002
Building Design and Construction
Cost comparisons per square foot in select metro markets
Church '02
'01
% chg.
Hospital 4-8 stories '02
'01
% chg.
Nursing Home '02
'01
% chg.
Apartment 8-24 stories '02
'01
% chg.
Atlanta
135.93
131.42
3.4
111.58
108.84
2.5
93.22
90.08
3.5
106.62
101.40
5.1
Baltimore
138.19
134.67
2.6
113.43
111.52
1.7
94.77
92.30
2.7
108.39
103.90
4.3
Boston
175.26
170.66
2.7
143.86
141.33
1.8
120.20
116.97
2.8
137.47
131.67
4.4
Chicago
171.80
163.87
4.8
141.02
135.71
3.9
117.82
112.32
4.9
134.75
126.43
6.6
Cleveland
154.62
151.78
1.9
126.92
125.69
1.0
106.04
104.03
1.9
121.27
117.10
3.6
Dallas
128.40
127.15
1.0
105.39
105.29
0.1
88.05
87.15
1.0
100.71
98.10
2.7
Denver
144.37
140.42
2.8
118.50
116.29
1.9
99.01
96.25
2.9
113.24
108.34
4.5
Detroit
161.10
156.06
3.2
132.24
129.23
2.3
110.48
106.96
3.3
126.36
120.40
4.9
Houston
133.22
131.13
1.6
109.35
108.59
0.7
91.36
89.88
1.7
104.49
101.17
3.3
Kansas City
154.47
146.91
5.1
126.79
121.66
4.2
105.93
100.70
5.2
121.16
113.34
6.9
Los Angeles
163.21
160.48
1.7
133.97
132.90
0.8
111.93
110.00
1.8
128.01
123.81
3.4
Miami
128.70
127.00
1.3
105.64
105.17
0.4
88.26
87.05
1.4
100.94
97.98
3.0
Minneapolis
166.07
162.99
1.9
136.32
134.98
1.0
113.89
111.72
1.9
130.26
125.75
3.6
New Orleans
132.01
126.56
4.3
108.36
104.80
3.4
90.53
86.74
4.4
103.54
97.64
6.0
New York City
202.84
198.39
2.2
166.50
164.29
1.3
139.11
135.98
2.3
159.10
153.06
3.9
Philadelphia
169.09
164.32
2.9
138.79
136.08
2.0
115.96
112.63
3.0
132.62
126.77
4.6
Phoenix
134.73
131.72
2.3
110.59
109.08
1.4
92.39
90.28
2.3
105.67
101.62
4.0
Pittsburgh
153.26
150.45
1.9
125.80
124.59
1.0
105.11
103.12
1.9
120.21
116.08
3.6
Portland
160.34
158.27
1.3
131.62
131.07
0.4
109.96
108.48
1.4
125.76
122.11
3.0
St. Louis
155.22
151.34
2.6
127.41
125.33
1.7
106.45
103.73
2.6
121.75
116.76
4.3
San Diego
159.89
156.50
2.2
131.25
129.60
1.3
109.65
107.27
2.2
125.41
120.74
3.9
San Francisco
188.38
180.84
4.2
154.63
149.76
3.3
129.19
123.95
4.2
147.75
139.52
5.9
Seattle
158.84
154.88
2.6
130.38
128.26
1.7
108.93
106.16
2.6
124.58
119.49
4.3
Washington
143.32
140.42
2.1
117.64
116.29
1.2
98.29
96.25
2.1
112.41
108.34
3.8
Winston/Salem
113.93
112.40
1.4
93.52
93.08
0.5
78.13
77.04
1.4
89.36
86.72
3.0
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 atwww.rsmeans.com, or contact
R.S. Means Co., P.O. Box 800, Kingston, MA 02364, (781) 585-7880, (800) 448-8182.
San Diego Gas & Electric Company
Take advantage of available incentives up to $2,000 per unit on green, energy-saving measures for qualifying new construction initiatives.
