A Comparative Analysis of Construction Costs
CCR Magazine
NOVEMBER 5, 2024
The first half of 2024 saw only 3,448 new units delivered, marking the slowest start for apartment construction in the metro since 2015. The average cost to build out a new apartment complex was recently noted at $350 per square foot across the country. This uptick is due to the high cost of zoning permits and supply costs.
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