Global multi-unit high-rise building costs by select city 2021

Published by
Fernando de Querol Cumbrera,
Sep 29, 2023
In a comparison of selected cities worldwide, New York had the highest costs for the construction of a multi-unit high-rise building in 2021. That year, such a project cost on average 4,950 U.S. dollars per square meter in New York, but just 482 U.S. dollars per square meter in Kuala Lumpur. Sydney, London, San Francisco, and Los Angeles were also among the most expensive cities to construct.

Average multi-unit high-rise building costs worldwide as of 3rd quarter 2021, by select city (in U.S. dollars per square meter)

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Release date

September 2022

Region

Worldwide

Survey time period

as of Q3 2021

Supplementary notes

Prices exclude land, site works, professional fees, tenant fit-out and equipment. Exchange rates to U.S. dollars based on September 2021 values.

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