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 ...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is everything you need to know about how France won the 2018 World Cup

Getty Images France has done it. France is the 2018 FIFA World Cup champions. Fate handed the French a gauntlet run of juggernaut knockout opponents but Les Bleus found a way... Read more ...

Brutal chart shows how much more efficient France was than Croatia in the...

Brutal chart shows how much more efficient France was than Croatia in the World Cup Final

Matthias Schrader/AP France's offensive attack was far more efficient than Croatia in the World Cup Final, and it proved to be part of the difference in the win. Croatia took... Read more ...

Trump, guarded by snipers, golfs at his course in Scotland before his big...

Trump, guarded by snipers, golfs at his course in Scotland before his big meeting with Putin

AP Photo/Peter Morrison President Donald Trump went golfing at one of his resorts in Scotland over the weekend, ahead of his big face-to-face meeting with Russian President... Read more ...

Judicial appointments in Europe rarely provoke the kind of battle that is...

Judicial appointments in Europe rarely provoke the kind of battle that is likely to play out now in Washington

Trump 's conservative Supreme Court bench, which would be completed by his nomination of Brett Kavanaugh , could overrule Roe v. Wade , eliminating women's constitutional right... Read more ...

France scores crucial goal in World Cup final after VAR overturned a no-call...

France scores crucial goal in World Cup final after VAR overturned a no-call into a handball

Fox Video review has officially made an impact on the World Cup final. After a French corner kick, Croatian Ivan Perisic initially got away with a handball but was later called... Read more ...

Formula E Storms A Wet New York City 

Formula E Storms A Wet New York City 

It was a hot and dry day on Saturday for the first of Formula E's double header races in New York City this weekend, and it turned out to be an eventful day. As the NYC race... Read more ...

I asked 3 sex and relationship therapists to demystify infidelity, and their...

I asked 3 sex and relationship therapists to demystify infidelity, and their answers will make you think differently about cheating

Rawpixel.com / Shutterstock Sex and relationship therapists say infidelity is more complex than most of us are inclined to believe. For example, couples can sometimes find... Read more ...

Sunday's Best Deals: Calvin Klein Underwear, Noise-Canceling Headphones...

Sunday's Best Deals: Calvin Klein Underwear, Noise-Canceling Headphones, Mesh Routers, and More

Pick up deals on Calvin Klein underwear , noise-canceling headphones, mesh routers , and the rest of today's best deals. Read more ...

Donald Trump will not be talked into liking Europe

Donald Trump will not be talked into liking Europe

Business Insider Sean Gallup/Getty Images NATO won't be able to change how Trump feels about the alliance. Trump's problem with our European allies has less to do with defense... Read more ...

Bolton says Mueller's indictment of 12 Russian intelligence officers...

Bolton says Mueller's indictment of 12 Russian intelligence officers 'strengthens' Trump's hand in his meeting with Putin

Screenshot via ABC President Donald Trump's top national security adviser said the special counsel Robert Mueller's indictments of 12 Russian intelligence officers... Read more ...