Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
By Gordian
April 13, 2023
Many factors contribute to the rising costs of healthcare construction—the need for critical system upgrades, infectious disease prevention, environmental responsibility measures, labor shortages, inflationary impacts and supply chain disruptions are some of the most noteworthy.
According to Gordian’s RSMeans Online Building Models, the national average cost per square foot for commercial new construction of hospitals is more than 15% higher today than in 2019.
The evolution of treatments and technology advancements are a few reasons for hospital systems to expand and improve their facilities. Facilities upgrades done to reduce the risk of viral outbreaks are here to stay. Partitioning, automated kiosks, hand sanitation devices, improved signage and lighting, and socially distanced waiting areas are now expected when entering healthcare facilities.
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Visit rsmeans.com/bdandc for more information about RSMeans data from Gordian.
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