Building Costs Climb as Development Revives

As development picks up speed, a steady rise in prices is an inevitable side effect. The cost of building has increased 4.3 percent since the third quarter of 2012, according to Turner Construction Co., which has tracked trends in construction prices for decades.

 

Source: Turner Construction Co.

Source: Turner Construction Co.

 

For strategies to add greater value through asset upgrades, turn to “Makeovers in Motion” in the December 2013 issue of CPE.