Construction Cost Estimate for an Apartment (8-24 Story)
The following analysis estimates the cost to build an apartment (8-24 story) with ribbed precast concrete panel / steel frame using US National Average costs from 2008 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union labor for a 145000 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build an apartment (8-24 story) in a specific city or metropolitan area, go to our index of apartment (8-24 story) models by state.
NOTE: This cost estimate uses 2008 RSMeans data. A more accurate estimate using current RSMeans cost data is available on Means CostWorks - our online cost estimating tool.
| Apartment (8-24 Story) with Ribbed Precast Concrete Panel / Steel Frame | |||||||||||||||||||
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| Square Foot Cost Estimate | % of Total | Cost Per SF | Cost |
| Total | $140.14 | $20,320,000 | |
| Contractor Fees (GC,Overhead,Profit) | 25% | $35.03 | $5,080,000 |
| Architectural Fees | 6% | $8.41 | $1,219,200 |
| User Fees | 0% | $0 | $0 |
| Total Building Cost | $183.58 | $26,619,200 | |
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Additional Apartment (8-24 Story) Square Foot Cost Models Available:
| Location | Labor | Wall Type | |
| US National Avg | Union | Ribbed Precast Concrete Panel / R/Conc. Frame | view model |
| US National Avg | Union | Face Brick with Concrete Block Back-up / Steel Frame | view model |
| US National Avg | Union | Face Brick with Concrete Block Back-up / R/Conc. Frame | view model |
| US National Avg | Union | Stucco on Concrete Block / Steel Frame | view model |
| US National Avg | Union | Stucco on Concrete Block / R/Conc. Frame | view model |
| US National Avg | Open Shop | Ribbed Precast Concrete Panel / Steel Frame | view model |
| US National Avg | Open Shop | Face Brick with Concrete Block Back-up / Steel Frame | view model |
| US National Avg | Open Shop | Ribbed Precast Concrete Panel / R/Conc. Frame | view model |
| US National Avg | Open Shop | Face Brick with Concrete Block Back-up / R/Conc. Frame | view model |
| US National Avg | Open Shop | Stucco on Concrete Block / Steel Frame | view model |
| US National Avg | Open Shop | Stucco on Concrete Block / R/Conc. Frame | view model |
