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 .
