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Industry News

05 Mar 2020

Chicago Construction Costs Third-highest in Country

Chicago Construction Costs Third-highest in Country
Apartment projects, like this one under way at Randolph Street and Wabash Avenue, have kept construction companies busy in the Chicago area

Chicago, the nation’s third-biggest metro area, also ranks third when it comes what developers pay to put up office, apartment and other buildings.

Only New York and San Francisco have higher construction costs than the Chicago market, according to a report from Jones Lang LaSalle. Construction costs here have risen 31.6 percent over the past decade, more than any other metro area in the Midwest but less than several others in the country, especially those on the West Coast, the report shows.

Read more at Crain's


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