R.S. Means metropolitan cost comparisons: Office buildings

August 11, 2010

Cost comparisons per square foot in select metro markets



Office building, 2-4 stories Office building, 5-10 stories Office building, 11-20 stories Medical offices

'01

'00

% chg.

'01

'00

% chg.

'01

'00

% chg.

'01

'00

% chg.

Atlanta

93.56

68.64

NA

82.64

75.35

NA

79.43

91.29

NA

106.79

104.87

1.8

Baltimore

96.50

70.34

NA

85.24

77.21

NA

81.93

93.55

NA

110.14

107.47

2.5

Boston

120.75

90.13

NA

106.66

98.94

NA

102.52

119.86

NA

137.83

137.70

0.1

Chicago

116.97

85.57

NA

103.32

93.93

NA

99.31

113.80

NA

133.51

130.74

2.1

Cleveland

108.05

78.77

NA

95.44

86.46

NA

91.74

104.75

NA

123.33

120.34

2.5

Dallas

89.25

67.10

NA

78.84

73.65

NA

75.78

89.23

NA

102.61

102.51

0.1

Denver

99.96

72.58

NA

88.30

79.67

NA

84.87

96.53

NA

114.10

110.90

2.9

Detroit

111.51

81.09

NA

98.50

89.01

NA

94.68

107.84

NA

127.28

123.89

2.7

Houston

92.09

69.11

NA

81.34

75.86

NA

78.18

91.90

NA

105.69

105.58

0.1

Kansas City

105.00

75.52

NA

92.75

82.90

NA

89.15

100.44

NA

119.85

115.38

3.9

Los Angeles

113.93

84.72

NA

100.63

93.00

NA

96.73

112.67

NA

130.04

129.44

0.5

Miami

90.41

66.48

NA

79.86

72.97

NA

76.76

88.41

NA

103.19

101.57

1.6

Minneapolis

117.18

84.80

NA

103.51

93.08

NA

99.49

112.77

NA

133.75

129.56

3.2

New Orleans

89.99

65.94

NA

79.49

72.38

NA

76.40

87.69

NA

102.71

100.74

2.0

New York City

141.23

103.43

NA

124.75

113.53

NA

119.91

137.55

NA

161.20

158.02

2.0

Philadelphia

116.97

86.34

NA

103.32

94.78

NA

99.31

114.83

NA

135.51

131.92

1.2

Phoenix

93.77

69.18

NA

82.83

75.94

NA

79.61

92.01

NA

107.03

105.70

1.3

Pittsburgh

106.47

79.16

NA

94.05

86.89

NA

90.40

105.27

NA

121.53

120.93

0.5

Portland

112.04

81.47

NA

98.96

89.43

NA

95.12

108.35

NA

127.88

124.48

2.7

St. Louis

108.36

79.62

NA

95.72

87.40

NA

92.00

105.88

NA

123.69

121.64

1.7

San Diego

111.62

82.40

NA

98.59

90.45

NA

94.77

109.58

NA

127.40

125.89

1.2

San Francisco

128.73

95.70

NA

113.71

105.04

NA

109.30

127.27

NA

146.94

146.21

0.5

Seattle

109.62

81.32

NA

96.83

89.26

NA

93.07

108.15

NA

125.12

124.24

0.7

Washington, D.C.

99.54

73.98

NA

87.93

81.20

NA

84.51

98.38

NA

113.62

113.02

0.5

Winston/Salem

79.70

59.44

NA

70.40

65.25

NA

67.66

79.05

NA

90.97

90.82

0.2



NOTE:Building specifications have changed from the previous year, making the percentage change in costs 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 project costs, visit www.buildingteam.com .

         
 

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