The data comes from Statista, which calculated construction costs in dollars per square foot based on low and high building costs in the respective market. The research outlet notes costs may vary due to standards of specification and site, climatic or market conditions.
Below are average building costs per square foot of gross floor area by city for Q2 2023:
Los Angeles: $805
San Francisco: $753
New York: $725
Denver: $700
Portland, Ore.: $700
Washington, D.C.: $698
Honolulu: $680
Seattle: $638
Boston: $600
Chicago: $598
Phoenix: $555
Las Vegas: $543
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