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|
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|
|Contractor Fees (GC,Overhead,Profit)||25%||$40.34||$5,850,000|
|Total Building Cost||$213.83||$31,005,000|
|Cost Estimate (Open Shop)||% of Total||Cost Per SF||Cost|
|Contractor Fees (GC,Overhead,Profit)||25%||$36.98||$5,361,500|
|Total Building Cost||$195.97||$28,416,000|