R.S. Means cost comparisons: Hospitality and multifamily
Staff
June 1, 2001
Building Design and Construction
Cost comparisons per square foot in select metro markets
Hotel 4-7 stories
Hotel 8-24 stories
Motel 2-3 stories
Apartment 4-7 stories
'01
'00
% chg.
'01
'00
% chg.
'01
'00
% chg.
'01
'00
% chg.
Atlanta
90.05
87.85
2.5
85.68
84.96
0.8
99.15
76.49
NA
92.01
90.04
2.2
Baltimore
92.77
89.33
3.9
88.27
86.39
2.2
102.15
77.78
NA
94.79
91.55
3.5
Boston
116.80
114.97
1.6
111.32
111.18
0.1
128.60
100.10
NA
119.34
117.82
1.3
Chicago
112.46
108.85
3.3
107.00
105.27
1.6
123.82
94.78
NA
114.91
111.56
3.0
Cleveland
103.98
100.57
3.4
98.93
97.26
1.7
114.48
87.57
NA
106.24
103.07
3.1
Dallas
85.91
85.19
0.8
82.46
82.38
0.1
94.59
74.17
NA
87.78
87.31
0.5
Denver
96.81
92.68
4.5
92.11
89.63
2.8
106.59
80.70
NA
98.92
94.99
4.1
Detroit
107.21
103.92
3.2
102.01
100.50
1.5
118.04
90.49
NA
109.55
106.51
2.9
Houston
89.44
87.95
1.7
85.10
85.05
0.1
98.48
76.58
NA
91.39
90.14
1.4
Kansas City
100.95
97.02
4.0
96.05
93.82
2.4
111.15
84.48
NA
103.15
99.43
3.7
Los Angeles
109.53
107.77
1.6
104.31
104.22
0.1
120.60
93.83
NA
111.92
110.45
1.3
Miami
86.92
84.40
3.0
82.70
81.62
1.3
95.70
73.49
NA
88.81
86.50
2.7
Minneapolis
112.66
108.76
3.6
107.19
105.17
1.9
124.04
94.69
NA
115.12
111.46
3.3
New Orleans
86.51
84.11
2.9
82.31
81.33
1.2
95.26
73.23
NA
88.40
86.20
2.6
New York City
135.78
131.93
2.9
129.19
127.58
1.3
149.50
114.87
NA
138.74
135.20
2.6
Philadelphia
113.06
109.64
3.1
107.58
106.03
1.5
124.49
95.47
NA
115.53
112.37
2.8
Phoenix
90.15
88.25
2.2
85.77
85.34
0.5
99.26
76.84
NA
92.11
90.44
1.9
Pittsburgh
102.46
100.28
2.2
97.49
96.97
0.5
112.82
87.31
NA
104.70
102.77
1.9
Portland
108.32
104.52
3.6
103.06
101.07
2.0
119.26
91.00
NA
110.68
107.11
3.3
St. Louis
104.18
101.46
2.7
99.12
98.12
1.0
114.71
88.34
NA
106.45
103.98
2.4
San Diego
107.31
105.11
2.1
102.10
101.64
0.5
118.15
91.52
NA
109.65
107.72
1.8
San Francisco
125.38
121.87
2.9
119.29
117.85
1.2
138.05
106.11
NA
128.11
124.90
2.6
Seattle
105.59
103.33
2.2
100.47
99.93
0.5
116.26
89.97
NA
107.89
105.90
1.9
Washington, D.C.
95.90
94.36
1.6
91.34
91.25
0.1
105.59
82.16
NA
97.99
96.70
1.3
Winston/Salem
76.62
75.53
1.4
73.09
73.04
0.1
84.86
65.76
NA
78.29
77.40
1.1
NOTE:
Specifications for motels have changed from the previous year, making the percentage change inapplicable. 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.
