R.S. Means cost comparisons: Hospitality and multifamily

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
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.



'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

         
 

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