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R.S. Means Cost Comparison: Hotels, Motels, and Apartments
By Jim Haughey, Director, Research and Analytics, Reed Construction Data
June 1, 2006
Building Design and Construction
Cost comparisons in dollars per square foot in select metro markets
|
'06 |
'05 |
% chg. |
'06 |
'05 |
% chg. |
'06 |
'05 |
% chg. |
'06 |
'05 |
% chg. |
|
Hotel, 4-7 stories |
Hotel, 8-24 stories |
Motel, 2-3 stories |
Apartment, 4-7 stories |
| Atlanta |
123.22 |
111.54 |
10.5 |
118.30 |
106.69 |
10.9 |
129.92 |
118.96 |
9.2 |
124.48 |
114.81 |
8.4 |
| Baltimore |
127.16 |
114.89 |
10.7 |
122.08 |
109.89 |
11.1 |
134.07 |
122.53 |
9.4 |
128.47 |
118.25 |
8.6 |
| Boston |
158.33 |
144.06 |
9.9 |
152.01 |
137.79 |
10.3 |
166.93 |
153.64 |
8.7 |
159.95 |
148.28 |
7.9 |
| Chicago |
155.17 |
138.68 |
11.9 |
148.98 |
132.65 |
12.3 |
163.61 |
147.90 |
10.6 |
156.76 |
142.74 |
9.8 |
| Cleveland |
137.29 |
125.05 |
9.8 |
131.81 |
119.61 |
10.2 |
144.75 |
133.37 |
8.5 |
138.70 |
128.71 |
7.8 |
| Dallas |
115.33 |
104.96 |
9.9 |
110.72 |
100.40 |
10.3 |
121.60 |
111.95 |
8.6 |
116.51 |
108.04 |
7.8 |
| Denver |
131.24 |
119.31 |
10.0 |
126.00 |
114.12 |
10.4 |
138.37 |
127.25 |
8.7 |
132.58 |
122.80 |
8.0 |
| Detroit |
144.52 |
131.86 |
9.6 |
138.75 |
126.13 |
10.0 |
152.38 |
140.63 |
8.4 |
146.00 |
135.72 |
7.6 |
| Houston |
121.77 |
109.27 |
11.4 |
116.91 |
104.52 |
11.9 |
128.39 |
116.54 |
10.2 |
123.02 |
112.47 |
9.4 |
| Kansas City |
142.68 |
128.40 |
11.1 |
136.98 |
122.81 |
11.5 |
150.44 |
136.94 |
9.9 |
144.14 |
132.16 |
9.1 |
| Los Angeles |
146.89 |
132.58 |
10.8 |
141.02 |
126.81 |
11.2 |
154.87 |
141.40 |
9.5 |
148.39 |
136.46 |
8.7 |
| Miami |
119.80 |
107.83 |
11.1 |
115.01 |
103.14 |
11.5 |
126.31 |
115.01 |
9.8 |
121.03 |
110.99 |
9.0 |
| Minneapolis |
152.28 |
138.80 |
9.7 |
146.20 |
132.76 |
10.1 |
160.56 |
148.03 |
8.5 |
153.84 |
142.86 |
7.7 |
| New Orleans |
119.27 |
107.00 |
11.5 |
114.51 |
102.34 |
11.9 |
125.76 |
114.11 |
10.2 |
120.49 |
110.13 |
9.4 |
| New York City |
178.18 |
163.66 |
8.9 |
171.07 |
156.55 |
9.3 |
187.87 |
174.55 |
7.6 |
180.01 |
168.46 |
6.9 |
| Philadelphia |
155.56 |
140.35 |
10.8 |
149.35 |
134.25 |
11.3 |
164.02 |
149.69 |
9.6 |
157.16 |
144.46 |
8.8 |
| Phoenix |
122.16 |
109.27 |
11.8 |
117.29 |
104.52 |
12.2 |
128.81 |
116.54 |
10.5 |
123.42 |
112.47 |
9.7 |
| Pittsburgh |
136.23 |
124.69 |
9.3 |
130.80 |
119.27 |
9.7 |
143.64 |
132.98 |
8.0 |
137.63 |
128.34 |
7.2 |
| Portland, Ore. |
141.23 |
128.76 |
9.7 |
135.59 |
123.15 |
10.1 |
148.91 |
137.32 |
8.4 |
142.68 |
132.52 |
7.7 |
| St. Louis |
139.92 |
127.44 |
9.8 |
134.33 |
121.90 |
10.2 |
147.52 |
135.92 |
8.5 |
141.35 |
131.17 |
7.8 |
| San Diego |
143.73 |
129.83 |
10.7 |
137.99 |
124.18 |
11.1 |
151.54 |
138.47 |
9.4 |
145.21 |
133.63 |
8.7 |
| San Francisco |
167.40 |
151.59 |
10.4 |
160.72 |
145.00 |
10.8 |
176.50 |
161.67 |
9.2 |
169.12 |
156.03 |
8.4 |
| Seattle |
142.94 |
129.83 |
10.1 |
137.23 |
124.18 |
10.5 |
150.71 |
138.47 |
8.8 |
144.41 |
133.63 |
8.1 |
| Washington, D.C. |
134.52 |
120.87 |
11.3 |
129.15 |
115.61 |
11.7 |
141.84 |
128.90 |
10.0 |
135.91 |
124.40 |
9.2 |
| Winston-Salem, N.C. |
108.75 |
95.52 |
13.9 |
104.41 |
91.37 |
14.3 |
114.66 |
101.87 |
12.6 |
109.87 |
98.32 |
11.7 |
© 2008, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
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