Metropolitan cost comparisons by R.S. Means: Institutional
Cost comparisons per square foot in select metro markets
'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 .