Places / NYC / Business / New York / New York City / Place / City / San Francisco / The Real Deal / NYC real estate prices

New York City is the priciest city to build in the world - and it's not getting any cheaper

Posted On: May 16, 2018   |   Posted By: Business Insider

New York City is the priciest city to build in the world - and it's not getting any cheaper

Lucas Jackson/Reuters
The average cost to build a new structure in NYC is $362 per square foot.
An additional 3.5% to that cost is expected in 2018.
San Francisco is second to NYC in cost to build.
Though construction spending cooled slightly last year, New York City remains the most expensive place to build in the world with an average cost of $362 per square foot.
That's a 3.5 percent year-over-year increase, and another 3.5 percent hike is expected in 2018, according to Turner & Townsend's 2018 International Construction Market Survey. See the rest of the story at Business Insider NOW WATCH: A Nobel Prize-winning economist explains what Milton Friedman got wrong See Also: LeBron James and Arnold Schwarzenegger own part of Bill Ackman's office building The 13 most useful features in iOS 11 How to dress your best in any work environment, from a casual office to the boardroom SEE ALSO: The Senate just released roughly 1,800 pages of interviews about Donald Trump Jr.'s 2016 Trump Tower meeting with a Russian...

Continue reading ...

 






The last Posts from Business Insider



Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

The African sports tourism summit takes place on the African Day

The African sports tourism summit takes place on the African Day

The African sports tourism summit will be organized on African day. The African Sports Tourism Week is a 4-day event. Around 5-activity gathering of eggheads related to the... Read more ...

Meghan Markle is now officially a royal - here's how she fits into the...

Meghan Markle is now officially a royal - here's how she fits into the family tree

Getty Images Meghan Markle is now officially married to Prince Harry. She's gained a lot of new relatives in the process - here's how she fits in. Meghan Markle is officially a... Read more ...

The Best Part Of The Royal Wedding Is Definitely This Jaguar E-Type Concept Zero

The Best Part Of The Royal Wedding Is Definitely This Jaguar E-Type Concept Zero

Whether you like it or not, the Royal Wedding has been pretty much inescapable on every form of media-social or otherwise. We're not going to talk about princes and princesses... Read more ...

Oprah Winfrey has arrived at the royal wedding - but people aren't quite...

Oprah Winfrey has arrived at the royal wedding - but people aren't quite sure why

WPA Pool/Getty Images Oprah Winfrey was one of the first guests to arrive at the royal wedding . While it was reported that many of Meghan Markle's A-list friends were invited... Read more ...

The 14 most polluted cities in the world are all in one country

The 14 most polluted cities in the world are all in one country

Manish Swarup/AP The 14 most polluted cities in the world are all located in India, according to the World Health Organization. The city of Kanpur topped the list, while Delhi... Read more ...

Meghan Markle's mom kept her nose ring for the royal wedding - and people...

Meghan Markle's mom kept her nose ring for the royal wedding - and people are obsessed

Richard Heathcote/Getty Images Fashion is a big deal at the royal wedding . Meghan Markle's mom Doria Ragland wore a stunning Oscar de la Renta outfit. She accessorized with... Read more ...

Here are the 20 funniest memes from Prince Harry and Meghan Markle's royal...

Here are the 20 funniest memes from Prince Harry and Meghan Markle's royal wedding

WPA Pool Meghan Markle and Prince Harry got married on Saturday at St George's Chapel in Windsor, UK. People made a lot of jokes ahead of the royal wedding, But on Saturday... Read more ...

Prince Harry asked his mom's good friend Elton John to perform at the royal...

Prince Harry asked his mom's good friend Elton John to perform at the royal wedding lunch reception and he sang 4 of his biggest hits

Aaron Chown/pool photo via AP, Chris Radburn - WPA Pool/Getty Images Sir Elton John was among the celebrities who attended the royal wedding of Prince Harry and Meghan Markle... Read more ...

Texans defensive end JJ Watt will pay for the funerals of the 10 Santa Fe...

Texans defensive end JJ Watt will pay for the funerals of the 10 Santa Fe High School shooting victims

Bob Levey/Getty Images Early Friday morning at Santa Fe High School , a gunman opened fire inside an art class, killing nine students and one teacher. Houston Texans defensive... Read more ...

The Silicon Valley housing market is so dire, these run-down or condemned...

The Silicon Valley housing market is so dire, these run-down or condemned homes sold for over $1 million

Google Street View Scanning San Francisco real estate listings on sites like Redfin and Zillow, you'll find many a property that has been condemned by the city, deemed... Read more ...