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22 Φεβ 2021 · Considering the elements of design, architecture, construction, furniture, fixtures, IT implementation, and more, the average cost to build out an office is $196.49 per square foot. Nevertheless, these figures vary across the U.S. where construction labor is tight and office development is in high demand.
18 Δεκ 2023 · Average construction costs of single-family and multifamily residential buildings in the United States in the 1st quarter 2024, by city (in U.S. dollars per square foot)
CBRE’s proprietary construction cost index incorporates all three major cost components to provide a comprehensive indicator that can also be used to forecast future escalation. After two years of double-digit increases, CBRE expects construction cost growth of 5.4% in 2023.
1 Αυγ 2024 · Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q1 2024 about real estate, commercial, rate, and USA.
The City Cost Index (CCI) can help you compare and contrast costs based on the location of your project. The CCI is a way of comparing the national average cost of a standardized construction project to the cost of the same project in a specific location.
6 Νοε 2024 · Green Street's Commercial Property Price Index® is a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted.
7 Φεβ 2024 · The CBRE Construction Cost Index showed a decline in annual escalation compared to the record high 2022. 2023 concluded at 4.9% (± 2%). This is still higher than the industry pre-COVID average of 2-5% per year. Labor costs and hourly wages continue to rise. Increasing construction labor costs are a major challenge facing the industry.
