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Cost comparisons per square foot in select metro markets
By Jim Haughey, Reed Business Information Economist
February 1, 2004
Building Design and Construction
Cost comparisons per square foot in select metro markets
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Office, 2-4 story | |
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Office, 5-10 story | |
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Office, 11-20 story | |
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Medical office | |
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'04 | '03 | % chg. | '04 | '03 | % chg. | '04 | '03 | % chg. | '04 | '03 | % chg. |
| Atlanta | 101.41 | 98.78 | 2.7 | 89.79 | 87.18 | 3.0 | 85.89 | 84.04 | 2.2 | 121.41 | 119.26 | 1.8 |
| Baltimore | 103.33 | 100.55 | 2.8 | 91.49 | 88.74 | 3.1 | 87.52 | 85.55 | 2.3 | 123.71 | 121.39 | 1.9 |
| Boston | 130.01 | 126.79 | 2.5 | 115.12 | 111.90 | 2.9 | 110.11 | 107.87 | 2.1 | 155.65 | 153.07 | 1.7 |
| Chicago | 127.18 | 125.24 | 1.5 | 112.61 | 110.53 | 1.9 | 107.72 | 106.56 | 1.1 | 152.27 | 151.20 | 0.7 |
| Cleveland | 115.54 | 113.23 | 2.0 | 102.30 | 99.93 | 2.4 | 97.86 | 96.33 | 1.6 | 138.33 | 136.69 | 1.2 |
| Dallas | 95.30 | 93.27 | 2.2 | 84.38 | 82.32 | 2.5 | 80.72 | 79.35 | 1.7 | 114.10 | 112.60 | 1.3 |
| Denver | 108.30 | 105.73 | 2.4 | 95.90 | 93.31 | 2.8 | 91.73 | 89.95 | 2.0 | 129.67 | 127.64 | 1.6 |
| Detroit | 121.19 | 118.63 | 2.2 | 107.31 | 104.69 | 2.5 | 102.64 | 100.93 | 1.7 | 145.10 | 143.22 | 1.3 |
| Houston | 98.35 | 96.47 | 2.0 | 87.09 | 85.14 | 2.3 | 83.30 | 82.08 | 1.5 | 117.75 | 116.46 | 1.1 |
| Kansas City | 115.31 | 112.12 | 2.8 | 102.10 | 98.95 | 3.2 | 97.67 | 95.39 | 2.4 | 138.06 | 135.36 | 2.0 |
| Los Angeles | 122.43 | 118.52 | 3.3 | 108.41 | 104.60 | 3.6 | 103.70 | 100.84 | 2.8 | 146.58 | 143.08 | 2.4 |
| Miami | 98.47 | 93.16 | 5.7 | 87.19 | 82.22 | 6.0 | 83.40 | 79.26 | 5.2 | 117.89 | 112.47 | 4.8 |
| Minneapolis | 128.20 | 124.58 | 2.9 | 113.51 | 109.95 | 3.2 | 108.58 | 105.99 | 2.4 | 153.49 | 150.40 | 2.1 |
| New Orleans | 97.22 | 95.59 | 1.7 | 86.09 | 84.36 | 2.0 | 82.35 | 81.32 | 1.3 | 116.40 | 115.40 | 0.9 |
| New York City | 151.49 | 146.19 | 3.6 | 134.13 | 129.02 | 4.0 | 128.31 | 124.38 | 3.2 | 181.37 | 176.49 | 2.8 |
| Philadelphia | 126.73 | 122.82 | 3.2 | 112.21 | 108.39 | 3.5 | 107.34 | 104.49 | 2.7 | 151.73 | 148.27 | 2.3 |
| Phoenix | 99.37 | 97.35 | 2.1 | 87.99 | 85.92 | 2.4 | 84.16 | 82.83 | 1.6 | 118.97 | 117.53 | 1.2 |
| Pittsburgh | 113.62 | 110.47 | 2.8 | 100.60 | 97.49 | 3.2 | 96.23 | 93.99 | 2.4 | 136.03 | 133.37 | 2.0 |
| Portland | 117.57 | 115.54 | 1.8 | 104.10 | 101.97 | 2.1 | 99.58 | 98.30 | 1.3 | 140.76 | 139.49 | 0.9 |
| St. Louis | 115.54 | 112.79 | 2.4 | 102.30 | 99.54 | 2.8 | 97.86 | 95.96 | 2.0 | 138.33 | 136.16 | 1.6 |
| San Diego | 118.36 | 116.31 | 1.8 | 104.80 | 102.65 | 2.1 | 100.25 | 98.96 | 1.3 | 141.71 | 140.42 | 0.9 |
| San Francisco | 139.73 | 136.27 | 2.5 | 123.72 | 120.26 | 2.9 | 118.35 | 115.94 | 2.1 | 167.29 | 164.51 | 1.7 |
| Seattle | 117.69 | 114.00 | 3.2 | 104.20 | 100.61 | 3.6 | 99.68 | 96.99 | 2.8 | 140.90 | 137.63 | 2.4 |
| Washington | 107.62 | 105.51 | 2.0 | 95.30 | 93.12 | 2.3 | 91.15 | 89.77 | 1.5 | 128.85 | 127.38 | 1.2 |
| Winston-Salem | 84.56 | 82.69 | 2.3 | 74.87 | 72.98 | 2.6 | 71.62 | 70.35 | 1.8 | 101.24 | 99.83 | 1.4 |
© 2008, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
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