CONSTRUCTION COST REPORT Corporate Interior Market Data February 2024 PUBLISHED BY STO BUILDING GROUP GLOBAL SERVICES Lead Author: Stephen Dennis, Account Executive, Global Services
ABSTRACT
STOBG actively engages with regional construction professionals to monitor cost and construction trends as they develop and seeks to inform and engage with others in the commercial real estate industry so that we may all better understand the daily reality of our markets. Through our global network of operating companies and Strategic Alliance Partners, STOBG collects and analyzes data from actual projects across our geographic platform to generate timely reports that represent the market as it stands. The following data represent median construction costs from actual projects under construction recently procured interior fit-out projects spanning from Q3 2023 to Q1 2024 by our family of companies within these specific locales. We hope this bulletin helps you understand the current cost trends and strategically plan your company’s growth into the upcoming quarters. STOBG US OFFICE LOCATIONS
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Atlanta, GA Augusta, GA Austin, TX Bala Cynwyd, PA Boise, ID Boston, MA Charleston, SC Dallas, TX Denver, CO (2) Fairfield, NJ Fort Myers, FL Gainesville, FL Honolulu, HI Houston, TX Irvine, CA Jacksonville, FL Lihue, HI Los Angeles, CA Mountain View, CA Nashville, TN
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New York, NY Orlando, FL (2) Pasadena, CA Philadelphia, PA Phoenix, AZ Sacramento, CA Salt Lake City, UT San Antonio, TX San Diego, CA San Francisco, CA San Jose, CA Sarasota, FL Seattle, WA Stamford, CT Tacoma, WA Tallahassee, FL Tampa, FL Windham, NH Woodbridge, NJ
STOBG INTERNATIONAL OFFICE LOCATIONS
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Calgary, Canada Edmonton, Canada Kitchener, Canada Ottawa, Canada Toronto, Canada Vancouver, Canada Dublin, Ireland London, United Kingdom
Construction Cost Report: Corporate Interior Market Data Survey Update - February 2024 (revised as of 2/22/24)