Graph and download economic data for Producer Price Index by Industry: New Office Building Construction (PCU236223236223) from Jun 2006 to Jun 2025 about buildings, construction, new, PPI, industry, inflation, price index, indexes, price, and USA.

The construction cost of most non-residential buildings in the United States increased significantly in 2023. However, growth rates were not as high as in 2022, a year in which the price of building a warehouse rose the most, with a growth rate of over 28 percent. Before that, the price increases had been relatively steady. The cost of construction trades in the U.S. also increased a lot in 2022.

Graph and download economic data for Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction (WPU801104) from Jun 2007 to Jun 2025 about buildings, construction, new, commodities, PPI, industry, inflation, price index, indexes, price, and USA.

Building construction price indexes (BCPI) by type of building and construction division. Quarterly data are available from the first quarter of 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2017=100).

New York had one of the highest construction costs for prime offices in the United States, at over 660 U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also has some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

Turkey Construction Cost Index: Commercial, Admin, Medical & School data was reported at 292.683 2005=100 in Dec 2017. This records an increase from the previous number of 274.608 2005=100 for Sep 2017. Turkey Construction Cost Index: Commercial, Admin, Medical & School data is updated quarterly, averaging 163.358 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 292.683 2005=100 in Dec 2017 and a record low of 98.486 2005=100 in Mar 2005. Turkey Construction Cost Index: Commercial, Admin, Medical & School data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Construction Output Price Indices (OPIs) from January 2014 to December 2024, UK. Summary.

As of the third quarter 2024, New York had some of the highest construction costs for center retail shopping facilities, at about 518 U.S. dollars per square foot. Meanwhile, Phoenix had one of the lowest costs in the country, with an average cost for the construction of a retail strip would average about 158 U.S. dollars per square foot in Denver. Changing retail construction After several years in a row of falling spending on new retail real estate, the value of the retail construction in the U.S. by the private sector has risen significantly between 2021 and 2023. The south was the U.S. region with shopping center real estate under construction at significant distance from the West of the country.

Norway Construction Cost Index: Office and Commercial Buildings (OC): Plumbing data was reported at 214.800 2000=100 in Jun 2018. This stayed constant from the previous number of 214.800 2000=100 for May 2018. Norway Construction Cost Index: Office and Commercial Buildings (OC): Plumbing data is updated monthly, averaging 159.850 2000=100 from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 214.800 2000=100 in Jun 2018 and a record low of 91.800 2000=100 in Jan 1999. Norway Construction Cost Index: Office and Commercial Buildings (OC): Plumbing data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EA010: Construction Cost Index: 2000=100.

Lagos (Nigeria) was expected to be one of the cities in the world with the highest construction cost growth in 2025. Meanwhile, the construction cost in New York City (United States) was forecast to grow by 3.5 percent that year. Paris and Zurich were the cities included in the list with the lowest forecast growth rate.

European Union - Construction cost index was EUR117.00 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, European Union - Construction cost index reached a record high of EUR117.00 points in December of 2023 and a record low of EUR60.70 points in March of 2000.

This table provides information on price developments in the construction industry. Data were calculated by Statistic Netherlands (CBS) and are based on building permits with a value of 50 thousand euros or more issued by municipal authorities, and the reported construction costs as stated in the permits. On the basis of these building permits and the construction time, construction output is calculated by means of average waiting times prior to the start of the construction activities. Price indices listed in the table are used to eliminate the effect of price changes on the construction output. Therefore, the price index can be used to as a deflator to calculate volume developments in the building sector. Price indices are calculated for two sections (Construction of new buildings and Other buildings) and three sectors (dwellings, buildings for the private sector and buildings for the (semi-)public or non-commercial sector).

Data available from: 1st quarter 2015

Status of the figures: Price index figures up to and including the 2nd quarter 2024 are final.

Changes since 30 July 2025: The figures of the 2nd quarter 2025 have been added to the table.

When will new figures become available? Provisional figures for the 3rd quarter of 2025 will be released in October 2025.

In the third quarter of 2024, the city with the highest costs for the construction of a 5-star hotel in the United States is Honolulu at 768 U.S. dollars per square foot. A 3-star hotel in Phoenix, Arizona, on the other hand, cost on average of 268 U.S. dollars per square foot. The average construction costs of housing in those U.S. cities was similarly distributed. Construction costs of hotels In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Nevertheless, some of the most important elements that can determine the cost of a building are the salary of workers, the cost of the equipment, and the price of raw materials and appliances. Generally, construction cost figures include the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements. Hotel construction pipeline worldwide Some of the cities with the most rooms under construction were in China and in the United States. Meanwhile, Cancún was the city leading the hotel construction pipeline in Latin America, with figures that were much higher than those for the rest of the cities included in the ranking. One of the tallest skyscrapers under construction in the U.S. was the Waldorf Astoria Hotel and Residences in Miami.

Turkey Construction Cost Index: Labour: Commercial, Admin, Medical Bldg data was reported at 307.792 2005=100 in Dec 2017. This records an increase from the previous number of 302.530 2005=100 for Sep 2017. Turkey Construction Cost Index: Labour: Commercial, Admin, Medical Bldg data is updated quarterly, averaging 179.368 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 307.792 2005=100 in Dec 2017 and a record low of 95.185 2005=100 in Mar 2005. Turkey Construction Cost Index: Labour: Commercial, Admin, Medical Bldg data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

In the last quarter of 2024, Portland and San Francisco were some of the most expensive cities in the United States for the construction of general hospitals. The cost of building a hospital in Portland ranged between 900 and 1,200 U.S. dollars. Boston and Los Angeles were the next cities in the ranking. Meanwhile, Las Vegas was one of the cheapest city in the list to build a general hospital.

Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data was reported at 1,800.000 MAD/sq m in 2015. This records an increase from the previous number of 1,694.000 MAD/sq m for 2014. Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data is updated yearly, averaging 1,316.000 MAD/sq m from Dec 1994 (Median) to 2015, with 22 observations. The data reached an all-time high of 1,927.000 MAD/sq m in 2013 and a record low of 1,000.000 MAD/sq m in 2003. Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data remains active status in CEIC and is reported by High Commission for Planning. The data is categorized under Global Database’s Morocco – Table MA.P003: New Construction Price: Average: Annual.

Graph and download economic data for Producer Price Index by Industry: Building Material and Supplies Dealers (PCU44414441) from Dec 2003 to Jun 2025 about dealers, materials, supplies, buildings, PPI, industry, inflation, price index, indexes, price, and USA.

In the last quarter of 2024, Portland was one of the U.S. cities with the most expensive average construction cost for industrial warehouses. Constructing a warehouse in that city could have a cost that ranged between 220 and 305 U.S. dollars per square foot. It was followed by Honolulu and San Francisco, although at some distance. Meanwhile, Las Vegas and Phoenix were the least expensive cities to build warehouses. The most expensive U.S. cities to construct residential buildings were New York, Honolulu and San Francisco.