R.S. Means metropolitan cost comparisons: Health care

Staff

August 11, 2010

Cost comparisons per square foot in select metro markets

	Hospital 2-3 stories			Hospital 4-8 stories			Nursing home			Apartment 8-24 stories
	'01	'00	% chg.	'01	'00	% chg.	'01	'00	% chg.	'01	'00	% chg.
Atlanta	131.42	128.51	2.3	108.84	108.60	0.2	90.08	80.01	12.6	101.40	96.15	5.5
Baltimore	134.67	131.23	2.6	111.52	110.89	0.6	92.30	81.70	13.0	103.90	98.18	5.8
Boston	170.66	167.25	2.0	141.33	141.34	0.0	116.97	104.13	12.3	131.67	125.13	5.2
Chicago	163.87	158.67	3.3	135.71	134.09	1.2	112.32	98.79	13.7	126.43	118.71	6.5
Cleveland	151.78	147.81	2.7	125.69	124.91	0.6	104.03	92.03	13.0	117.10	110.59	5.9
Dallas	127.15	124.65	2.0	105.29	105.34	0.0	87.15	77.61	12.3	98.10	93.26	5.2
Denver	140.42	136.23	3.1	116.29	115.12	1.0	96.25	84.82	13.5	108.34	101.92	6.3
Detroit	156.06	151.53	3.0	129.23	128.05	0.9	106.96	94.34	13.4	120.40	113.37	6.2
Houston	131.13	128.51	2.0	108.59	108.60	0.0	89.88	80.01	12.3	101.17	96.15	5.2
Kansas City	146.91	142.81	2.9	121.66	120.68	0.8	100.70	88.91	13.3	113.34	106.84	6.1
Los Angeles	160.48	157.25	2.1	132.90	132.88	0.0	110.00	97.90	12.4	123.81	117.65	5.2
Miami	127.00	124.51	2.0	105.17	105.22	0.0	87.05	77.52	12.3	97.98	93.15	5.2
Minneapolis	162.99	159.25	2.3	134.98	134.57	0.3	111.72	99.15	12.7	125.75	119.14	5.5
New Orleans	126.56	124.08	2.0	104.80	104.85	0.0	86.74	77.25	12.3	97.64	92.83	5.2
New York City	198.39	193.70	2.4	164.29	163.68	0.4	135.98	120.60	12.8	153.06	144.92	5.6
Philadelphia	164.32	160.39	2.4	136.08	135.54	0.4	112.63	99.86	12.8	126.77	120.00	5.6
Phoenix	131.72	129.08	2.0	109.08	109.08	0.0	90.28	80.37	12.3	101.62	96.58	5.2
Pittsburgh	150.45	147.38	2.1	124.59	124.54	0.0	103.12	91.76	12.4	116.08	110.27	5.3
Portland	158.27	154.53	2.4	131.07	130.58	0.4	108.48	96.21	12.8	122.11	115.61	5.6
St. Louis	151.34	148.10	2.2	125.33	125.15	0.1	103.73	92.20	12.5	116.76	110.80	5.4
San Diego	156.50	153.39	2.0	129.60	129.62	0.0	107.27	95.50	12.3	120.74	114.76	5.2
San Francisco	180.84	177.26	2.0	149.79	149.76	0.0	123.95	110.36	12.3	139.52	132.62	5.2
Seattle	154.88	151.81	2.0	128.26	128.29	0.0	106.16	94.52	12.3	119.49	113.58	5.2
Washington, D.C.	140.42	137.66	2.0	116.29	116.33	0.0	96.25	85.71	12.3	108.34	102.99	5.2
Winston/Salem	112.40	110.07	2.1	93.02	93.02	0.1	77.04	68.53	12.4	86.72	82.35	5.3
NOTE: 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 atwww.rsmeans.com. To use an interactive tool that helps estimate costs, visitwww.buildingteam.com.