Construction Cost Estimates for an Apartment, 8-24 Story in National, US
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 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 | |
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