Average Development Cost
As you can see, development costs in our area fall considerably below that of other U.S. cities with similar business and living advantages.
City |
Construction Cost |
Contractor’s Overhead & Profit |
Architectural Fees |
Total Building Costs |
Rock Hill, SC |
$4,264,650
$4,738,500
$5,923,125 |
$1,066,163
$1,184,625
$1,480,781 |
$228,536
$253,929
$317,411 |
$5,559,349
$6,177,054
$7,721,317 |
Atlanta, GA |
$5,104,800
$5,672,000
$7,090,000 |
$1,276,200
$1,418,000
$1,772,500 |
$267,810
$297,567
$371,958 |
$6,648,810
$7,387,567
$9,234,458 |
Nashville, TN |
$4,925,250
$5,472,500
$6,840,625 |
$1,231,313
$1,368,125
$1,710,156 |
$259,177
$287,974
$359,967 |
$6,415,740
$7,128,599
$8,910,748 |
Cincinnati, OH |
$5,297,400
$5,886,000
$7,357,500 |
$1,324,350
$1,471,500
$1,839,375 |
$277,007
$307,786
$384,733 |
$6,898,757
$7,665,286
$9,581,608 |
Jacksonville, FL |
$4,671,450
$5,190,500
$6,488,125 |
$1,167,863
$1,297,625
$1,622,031 |
$246,875
$274,305
$342,882 |
$6,086,188
$6,762,430
$8,453,038 |
Richmond, VA |
$4,939,650
$5,488,500
$6,860,625 |
$1,234,913
$1,372,125
$1,715,156 |
$259,871
$288,746
$360,932 |
$6,434,434
$7,149,371
$8,936,713 |
Charlotte, NC |
$4,442,850
$4,936,500
$6,170,625 |
$1,110,713
$1,234,125
$1,542,656 |
$236,106
$262,340
$327,925 |
$5,789,669
$6,432,965
$8,041,206 |
Key: Low range costs: green; Medium range: blue, High Range: orange.
Model: Factory, 1-story construction, concrete block/steel frame.
Story Height: 20 l. ft. Floor Area: 100,000 sq. ft. Basement: Not included. Wage: Union rate.
Source: Reed Construction Data. Data Release: 2008.
Costs are derived from a building model with basic components. Scope differences and market conditions can cause costs to vary significantly. |
