flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Higher education construction costs for 2023

Higher Education

Higher education construction costs for 2023

Fresh data from Gordian breaks down the average cost per square foot for a two-story college classroom building across 10 U.S. cities.


By Gordian  | April 13, 2023
Higher education construction costs for 2023
Photo: Pixabay

Colleges and universities manage more than 6 billion square feet of campus space in 210,000 buildings nationwide, with a replacement value of $2 trillion and a backlog of urgent capital renewal needs exceeding $112 billion.

The state of campus facilities will define the financial future of higher ed institutions more than any other single factor. Data collected from a thorough assessment of campus conditions should be used to prioritize building portfolio needs and establish a strategic framework for linking today’s investment realities with future campus aspirations.

Readying campus facilities for future students can take the form of renovations, updates or wholesale replacement, with the driver of that decision based in the alignment of available resources with institutional programmatic priorities. 

As North America’s leading construction cost database, Gordian’s RSMeans Data has been synonymous with reliability since the 1940s, so you can trust it when budgeting for projects that will transform your campus for students, alumni, professors and staff.

With localized square-foot costs on over 100 building models, Gordian’s RSMeans Data allows architects, engineers and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows the most recent costs per square foot for two-story college classrooms in select cities, with sustainable, “green” building considerations. 

Visit rsmeans.com/bdandc for more information about Gordian’s RSMeans Data.

Cost per Square Foot for Two-Story College Classrooms with Green Building Considerations

City

2020

2021

2022

2023

National Average

$220.32

$221.38

$229.47

$243.54

Athens, GA

$178.55

$175.75

$182.06

$188.76

Austin, TX

$176.56

$179.01

$183.94

$196.80

Tuscaloosa, AL

$186.09

$186.01

$194.43

$207.45

Tempe, AR

$188.93

$188.88

$194.50

$207.94

Charlottesville, VA

$185.32

$190.71

$196.39

$201.75

Boulder, CO

$195.82

$193.08

$201.54

$210.98

Bloomington, IN

$199.80

$199.26

$206.05

$216.72

Ann Arbor, MI

$216.59

$219.54

$224.73

$235.17

Madison, WI

$216.75

$224.27

$227.99

$242.15

Berkeley, CA

$280.11

$283.40

$287.92

$303.11

Please note: Square foot models are used for planning and budgeting and are not meant for detailed estimates.

 

Related Stories

| May 22, 2014

Big Data meets data centers – What the coming DCIM boom means to owners and Building Teams

The demand for sophisticated facility monitoring solutions has spurred a new market segment—data center infrastructure management (DCIM)—that is likely to impact the way data center projects are planned, designed, built, and operated. 

| May 20, 2014

Kinetic Architecture: New book explores innovations in active façades

The book, co-authored by Arup's Russell Fortmeyer, illustrates the various ways architects, consultants, and engineers approach energy and comfort by manipulating air, water, and light through the layers of passive and active building envelope systems.

| May 20, 2014

Using fire-rated glass in exterior applications

Fire-rated glazing and framing assemblies are just as beneficial on building exteriors as they are on the inside. But knowing how to select the correct fire-rated glass for exterior applications can be confusing. SPONSORED CONTENT

| May 19, 2014

What can architects learn from nature’s 3.8 billion years of experience?

In a new report, HOK and Biomimicry 3.8 partnered to study how lessons from the temperate broadleaf forest biome, which houses many of the world’s largest population centers, can inform the design of the built environment.

| May 13, 2014

Steven Holl's sculptural Institute for Contemporary Art set to break ground at VCU

The facility will have two entrances—one facing the city of Richmond, Va., the other toward VCU's campus—to serve as a connection between "town and gown."

| May 13, 2014

Universities embrace creative finance strategies

After Moody’s and other credit ratings agencies tightened their standards a few years ago, universities had to become much more disciplined about their financing mechanisms.

| May 13, 2014

19 industry groups team to promote resilient planning and building materials

The industry associations, with more than 700,000 members generating almost $1 trillion in GDP, have issued a joint statement on resilience, pushing design and building solutions for disaster mitigation.

| May 11, 2014

Final call for entries: 2014 Giants 300 survey

BD+C's 2014 Giants 300 survey forms are due Wednesday, May 21. Survey results will be published in our July 2014 issue. The annual Giants 300 Report ranks the top AEC firms in commercial construction, by revenue.

| May 10, 2014

How your firm can gain an edge on university projects

Top administrators from five major universities describe how they are optimizing value on capital expenditures, financing, and design trends—and how their AEC partners can better serve them and other academic clients.

| May 9, 2014

5 trends transforming higher education

Performance-based funding models and the adoption of advanced technologies like augmented reality for teaching are just a few of the predictions offered by CannonDesign's higher education sector leader, Brad Lukanic.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021