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Cost comparisons per square foot in select metro markets

Staff

February 1, 2003

Building Design and Construction

	Office 2-4 stories			Office 5-10 stories			Office 11-20 stories			Medical Office
	'03	'02	% chg.	'03	'02	% chg.	'03	'02	% chg.	'03	'02	% chg.
Atlanta	98.78	95.56	3.4	87.18	84.45	3.2	84.04	81.49	3.1	119.26	111.46	7.0
Baltimore	100.55	97.58	3.0	88.74	86.24	2.9	85.55	83.22	2.8	121.39	113.83	6.6
Boston	126.79	122.65	3.4	111.90	108.39	3.2	107.87	104.59	3.1	153.07	143.06	7.0
Chicago	125.24	119.45	4.9	110.53	105.56	4.7	106.56	101.86	4.6	151.20	139.33	8.5
Cleveland	113.23	109.53	3.4	99.93	96.79	3.2	96.33	93.41	3.1	136.69	127.76	7.0
Dallas	93.27	90.87	2.6	82.32	80.30	2.5	79.35	77.49	2.4	112.60	105.99	6.2
Denver	105.73	101.64	4.0	93.31	89.82	3.9	89.95	86.68	3.8	127.64	118.55	7.7
Detroit	118.63	113.58	4.4	104.69	100.38	4.3	100.93	96.86	4.2	143.22	132.49	8.1
Houston	96.47	94.17	2.4	85.14	83.22	2.3	82.08	80.31	2.2	116.46	109.85	6.0
Kansas City	112.12	107.40	4.4	98.95	94.91	4.3	95.39	91.59	4.2	135.36	125.27	8.1
Los Angeles	118.52	115.50	2.6	104.60	102.07	2.5	100.84	98.50	2.4	143.08	134.73	6.2
Miami	93.16	90.76	2.6	82.22	80.21	2.5	79.26	77.40	2.4	112.47	105.86	6.2
Minneapolis	124.58	117.32	6.2	109.95	103.68	6.1	105.99	100.05	5.9	150.40	135.47	11.0
New Orleans	95.59	91.19	4.8	84.36	80.58	4.7	81.32	77.76	4.6	115.40	106.36	8.5
New York City	146.19	143.55	1.8	129.02	126.86	1.7	124.38	122.42	1.6	176.49	167.44	5.4
Philadelphia	122.82	118.59	3.6	108.39	104.81	3.4	104.49	101.14	3.3	148.27	138.33	7.2
Phoenix	97.35	95.35	2.1	85.92	84.26	2.0	82.83	81.31	1.9	117.53	111.21	5.7
Pittsburgh	110.47	108.46	1.9	97.49	95.85	1.7	93.99	92.50	1.6	133.37	126.51	5.4
Portland	115.54	112.84	2.4	101.97	99.72	2.3	98.30	96.23	2.2	139.49	131.62	6.0
St. Louis	112.79	109.85	2.7	99.54	97.08	2.5	95.96	93.68	2.4	136.16	128.13	6.3
San Diego	116.31	112.84	3.1	102.65	99.72	2.9	98.96	96.23	2.8	140.42	131.62	6.7
San Francisco	136.27	132.67	2.7	120.26	117.25	2.6	115.94	113.14	2.5	164.51	154.75	6.3
Seattle	114.00	112.41	1.4	100.61	99.34	1.3	96.99	95.86	1.2	137.63	131.12	5.0
Washington	105.51	100.78	4.7	93.12	89.07	4.5	89.77	85.95	4.4	127.38	117.56	8.4
Winston/Salem	82.69	80.41	2.8	72.98	71.06	2.7	70.35	68.58	2.6	99.83	93.80	6.4