Construction Cost Estimates for 8-24 Story Apartments 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 Cloud-Based Construction Estimating Software.
| 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 |
|
OTHER OPTIONS:
Apartment, 8-24 Story Square Foot Cost Assuming Face Brick with Concrete Block Back-up / Steel Frame
Apartment, 8-24 Story Square Foot Cost Assuming Ribbed Precast Concrete Panel / R/Conc. Frame
Apartment, 8-24 Story Square Foot Cost Assuming Ribbed Precast Concrete Panel / Steel Frame
Apartment, 8-24 Story Square Foot Cost Assuming Stucco on Concrete Block / R/Conc. Frame
Apartment, 8-24 Story Square Foot Cost Assuming Stucco on Concrete Block / Steel Frame
