How Much Does it Cost to Build an 8-24 Story Apartment?
The following analysis estimates the cost to build an Apartment, 8-24 Story using US National Average costs from 2019 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 145,000 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs in a specific city or metropolitan area, go to our index of Apartment, 8-24 Story models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.
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Apartment, 8-24 Story Construction Cost Assumption |
| Location: |
US National Average
|
| Story Count: |
15
|
| Story Height (L.F.): |
10
|
| Floor Area (S.F.): |
145,000
|
| Basement Included: |
No
|
| Data Release: |
Year 2019
|
|
Apartment, 8-24 Story with Brick Veneer / Reinforced Concrete
| Cost Estimate (Standard Union Labor) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$171.32 |
$24,841,749.58 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$42.83 |
$6,210,437.40 |
| Architectural Fees |
6% |
$12.85 |
$1,863,131.22 |
| Total Building Cost |
$227.00 |
$32,915,318.19 |
| Cost Estimate (Open Shop) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$154.78 |
$22,442,398.94 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$38.69 |
$5,610,599.74 |
| Architectural Fees |
6% |
$11.61 |
$1,683,179.92 |
| Total Building Cost |
$205.08 |
$29,736,178.60 |
Other Square Foot Model Building Type Options:
Apartment, 8-24 Story with Brick Veneer / Rigid Steel
Apartment, 8-24 Story with Curtain Wall / Rigid Steel
Apartment, 8-24 Story with E.I.F.S. / Rigid Steel
Apartment, 8-24 Story with Precast Concrete / Reinforced Concrete
Apartment, 8-24 Story with Stucco / Reinforced Concrete
