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 | ||||||||||||
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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 | |