Construction Costs Across the U.S. Continue to Rise

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Quarterly Cost Report (QCR) for North America. With data current to Jan. 1, 2019 and featuring construction cost information on 14 markets, it provides a statistical view of the state of the construction industry.
Upon publication of the QCR, Julian Anderson, president of RLB North America, said, According to our report, there are many markets currently at or near the top of the construction-activity cycle. Denver, Portland, OR, Phoenix, Toronto, and Seattle are peaking, with Los Angeles, New York, Boston, San Francisco, and Las Vegas at the threshold of that zone.
The report also takes a look at indicative construction costs for 15 building typologies in each market, citing the high/low hard costs per square foot in eight major sectors. This data can form the basis of compelling comparisons of cost across regions and/or sectors.

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