Construction Cost Estimates for Apartment, 8-24 Story in National, US
The following analysis estimates the cost to build an apartment, 8-24 story using US National Average costs from 2013 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 2013 RSMeans data. A more accurate estimate using current RSMeans cost data is available on RSMeans Online - our online cost estimating tool.
Apartment, 8-24 Story Construction Cost Assumptions
Location:
US National Average
Stories:
15
Story Height (L.F.):
10.50
Floor Area (S.F.):
145000
Basement Included:
No
Data Release:
Year 2013
Apartment, 8-24 Story Square Foot Cost Assuming Face Brick with Concrete Block Back-up / R/Conc. Frame
Cost Estimate (Union Labor)
% of Total
Cost Per SF
Cost
Total
$161.38
$23,400,000
Contractor Fees (GC,Overhead,Profit)
25%
$40.34
$5,850,000
Architectural Fees
6%
$12.10
$1,755,000
Total Building Cost
$213.83
$31,005,000
Cost Estimate (Open Shop)
% of Total
Cost Per SF
Cost
Total
$147.90
$21,446,000
Contractor Fees (GC,Overhead,Profit)
25%
$36.98
$5,361,500
Architectural Fees
6%
$11.09
$1,608,500
Total Building Cost
$195.97
$28,416,000
Apartment, 8-24 Story Square Foot Cost Assuming Face Brick with Concrete Block Back-up / Steel Frame
