R.S. Means metropolitan cost comparisons: Office buildings

February 01, 2001 |


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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