Metropolitan cost comparisons by R.S. Means: Institutional

August 11, 2010

Cost comparisons per square foot in select metro markets



Parking garage Underground parking Town hall Community center

'01

'00

% chg.

'01

'00

% chg.

'01

'00

% chg.

'01

'00

% chg.

Atlanta

27.40

26.37

3.9

42.28

40.09

5.4

89.81

88.89

1.0

86.91

84.58

2.4

Baltimore

28.26

27.03

4.6

43.61

41.09

6.1

92.64

91.09

1.7

89.33

86.68

3.1

Boston

35.36

34.63

2.1

54.57

52.64

3.7

116.95

116.72

0.2

111.78

111.06

0.6

Chicago

34.26

32.88

4.2

52.86

49.98

5.8

112.29

110.81

1.3

108.28

105.44

2.7

Cleveland

31.64

30.26

4.6

48.83

46.01

6.1

103.72

102.00

1.7

100.02

97.06

3.0

Dallas

26.14

25.78

1.4

40.33

39.19

2.9

86.98

86.89

0.1

82.76

82.68

0.1

Denver

29.27

27.89

5.0

45.17

42.40

6.5

95.96

93.99

2.1

92.53

89.44

3.5

Detroit

32.66

31.16

4.8

50.39

47.36

6.4

107.05

105.00

1.9

103.23

99.92

3.3

Houston

26.97

26.55

1.6

41.61

40.36

3.1

89.57

89.49

0.1

85.24

85.15

0.1

Kansas City

30.75

29.02

6.0

47.45

44.11

7.6

100.80

97.80

3.1

97.20

93.06

4.4

Los Angeles

33.36

32.55

2.5

51.48

49.48

4.0

110.03

109.71

0.3

105.46

104.39

1.0

Miami

26.48

25.54

3.7

40.85

38.83

5.2

86.79

86.09

0.8

83.69

81.92

2.2

Minneapolis

34.32

32.58

5.3

52.95

49.53

6.9

112.49

109.81

2.4

108.48

104.49

3.8

New Orleans

26.35

25.33

4.0

40.66

38.51

5.6

86.39

85.39

1.2

83.30

81.25

2.5

New York City

41.36

39.74

4.1

63.82

60.41

5.6

135.58

133.93

1.2

130.73

127.44

2.6

Philadelphia

34.26

33.17

3.3

52.86

50.43

4.8

112.29

111.81

0.4

108.28

106.39

1.8

Phoenix

27.46

26.58

3.3

42.37

40.41

4.9

90.01

89.59

0.5

86.80

85.25

1.8

Pittsburgh

31.18

30.41

2.5

48.11

46.23

4.1

102.80

102.50

0.3

98.56

97.54

1.1

Portland

32.81

31.30

4.8

50.63

47.59

6.4

107.55

105.51

1.9

103.71

100.39

3.3

St. Louis

31.73

30.59

3.7

48.97

46.50

5.3

104.03

103.10

0.9

100.31

98.11

2.2

San Diego

32.69

31.66

3.2

50.44

48.13

4.8

107.15

106.71

0.4

103.32

101.54

1.8

San Francisco

37.70

36.77

2.5

58.17

55.90

4.1

124.29

123.92

0.3

119.17

117.92

1.1

Seattle

32.10

31.24

2.7

49.54

47.50

4.3

105.62

105.31

0.3

101.48

100.20

1.3

Washington, D.C.

29.15

28.42

2.6

44.98

43.21

4.1

96.08

95.80

0.3

92.15

91.15

1.1

Winston/Salem

23.34

22.84

2.2

36.01

34.72

3.7

77.13

76.98

0.2

73.77

73.25

0.7



NOTE: Costs as shown are for the basic building and do not include: 1. sitework (site clearing and grading, utilities, paving, landscaping, site improvements); 2. land costs; 3. development costs; 4. specialty finishes or equipment. Square foot costs vary significantly from project to project due to quality, complexity and economic climate. Each project should be examined individually. 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 project costs, visit www.buildingteam.com .

         
 

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