The figures are sourced from fixr.
How much is it to build a apartment complex. Average apartment construction costs so, how much does it cost to build an apartment? When it comes to building an apartment complex, what is the average cost?in the united states, the average cost of constructing an apartment building was roughly $22 million. Across the nation, the average cost to build an apartment complex is $398 per square foot.
It could be as high as $330 to $580 or more per square foot in san francisco, ca or in new york, where the starting price is a hefty $350 per square foot and can go up to $850 or. Constructing an apartment complex requires a considerable amount of budget and material. The national average, according to fixr.com, is about $64,500 to over $86,000 per unit.
Anywhere between roughly $500,000 and $200 million in the united states. An apartment building of this size could have between 3 and 6 stories. While there are many factors that go into determining the cost of operating an apartment complex, the truth is that you.
In fact, there are over 8 million independent landlords across the us. Location cost of land cost of. It is best practice to have a max spend number set prior to starting the apartment building.
Some contractors, however, may charge as much as $200 per square. In the united states, the average cost of constructing an apartment building was roughly $22 million as of 2020, however the exact value varies greatly based on factors such as. The 15% loss factor increases the price per square foot,.