The major cities in the U.S. had on average the highest building costs for primary and secondary schools in 2023. That year, primary and secondary schools in New York cost over ***** U.S. dollars per square meter to construct, while it cost *** U.S. dollars per square meter in Kuala Lumpur. The value of new construction in the United States has been increasing during the past years.

In 2023, the cost of building a primary or secondary school in London nearly ***** U.S. dollar per square meters. Other major European cities such as Amsterdam, Dublin, or Munich had construction costs ranging from ***** to ***** U.S. dollars. London also had one of the highest office construction costs in Europe.

As with other forms of public building construction, London was the most expensive region in the United Kingdom to build an educational building in. Universities proved to be the most expensive across all regions. The average price per square meter of internal area for a university in London was ***** British pounds in 2018. This was an increase of ** percent compared to the previous year. By comparison, educational facilities located in Northern Ireland were the least costly.

Kier Construction leading contractor

Kier Construction Limited-Building UK was the leading contractor for educational facilities in the UK. In 2018, the construction firm was awarded projects with a combined value of *** million British pounds. This was ** percent more than the second entry.

Number of universities stable

The number of universities in the country has stayed stable since 2012/13. In the past two years, there were *** institutions of higher education. While having been relatively constant in the past five years, there was a noticeable jump in the number of universities at the beginning of the century.

In early 2025, construction costs for elementary schools in San Francisco were on average over *** U.S. dollars per square foot. From the cities on display here, San Francisco, Portland, and Honolulu had some of the highest construction costs for educational buildings. The construction of one square foot of elementary school space was cheapest in Miami. University buildings were on average the most expensive type of educational building.

Gaborone (Botswana) was one of the cities in Africa with the highest construction costs for schools in 2024, while Maputo and Windhoek were among the most expensive for hospital construction. An average primary and secondary school in Maputo (Mozambique) cost over ***** U.S. dollars per square meter to build. Lagos was also one of the African cities with the highest construction costs for residential buildings that same year.

The Latin American prefabricated wood building market is experiencing robust growth, fueled by a compound annual growth rate (CAGR) exceeding 4.50% from 2019 to 2033. This expansion is driven by several key factors. Increasing urbanization and a burgeoning middle class are boosting demand for affordable and sustainable housing solutions. Prefabricated wood buildings offer a quicker construction time compared to traditional methods, reducing project costs and timelines, a significant advantage in rapidly developing economies. Furthermore, the inherent sustainability of wood as a building material aligns with growing environmental concerns and government initiatives promoting green building practices. While a lack of skilled labor in some regions and potential supply chain challenges might pose restraints, the overall market trajectory remains positive. The market is segmented by application (residential, commercial, industrial) and geography (Brazil, Mexico, Argentina, Colombia, Chile, and the Rest of Latin America). Brazil, Mexico, and Argentina are expected to dominate the market due to their larger populations and significant infrastructure development. Key players like Green Magic Homes, VMD, and Modulbox are actively shaping the market through innovation and expanding their reach across the region. The rising adoption of modular construction techniques and technological advancements in prefabrication are further catalysts for market growth. While precise market sizing data is not fully provided, the substantial growth projection suggests significant market potential for investors and businesses entering this sector. The residential segment currently holds the largest market share, but the commercial and industrial sectors are predicted to experience accelerated growth driven by the efficiency and cost-effectiveness of prefabricated solutions for various types of commercial and industrial structures. The market's growth trajectory is expected to be influenced by several factors beyond the core drivers. Government policies supporting sustainable development and affordable housing will significantly impact market adoption. Technological advancements in wood processing and construction techniques, leading to improved design and efficiency, will also play a key role. Competition among existing players and the emergence of new entrants will shape market dynamics. Addressing the challenges related to skilled labor shortages and supply chain management is crucial for sustainable and inclusive market growth across all regions within Latin America. The continued demand for eco-friendly and cost-effective building solutions suggests a sustained period of growth and expansion for the Latin American prefabricated wood building market. Recent developments include: September 2022: Featuring a distinctive design flare, the future of modular houses in North Texas just got better. HiFAB, the newest project by Oaxaca Interests, a Dallas-based company, announced on September 2022 that it will be constructing a new studio and manufacturing facility in the Grand Prairie area of Dallas-Fort Worth. A spokeswoman informed Dallas Innovates that the facility is now under construction and that it should be operational by the end of January. The manufacturing floor will be 42,500 square feet, and the property will also include an additional office building and supply chain storage structures. By March 31st, the first residences should be available., September 2022: Brazil's naturally ventilated schools are built by GOAA using prefabricated panels. A facility for the Pequeno Principe School has been constructed by the Brazilian architectural firm Gusmo Otero Arquitetos Associados utilizing concrete and prefabricated panels on the outskirts of Ribeiro Preto. The institution's campus, which serves students in elementary school through high school, was finished earlier this year. There are four primary buildings on the site, with a combined area of 9,300 square meters.. Notable trends are: Increase of Urbanization in Chile Driving the Market.

****** was by far the city in the United Kingdom with the highest hotel construction costs in 2024. The cost of building a 3-star hotel in the UK's capital was slightly higher than that of a 5-star hotel in Leeds. Meanwhile, school construction costs in London were actually lower than in Glasgow that same year.

As of the fourth quarter of 2023, institutional constructions in the Philippines had an average cost of about ****** Philippine pesos per square meter, indicating a slight decrease from the previous quarter. The average per square meter cost of institutional construction fluctuated since the first quarter of 2020.