In the ever-evolving landscape of healthcare, the construction of state-of-the-art facilities is a visible testament to the sector's commitment to advancing patient care. However, this progress does not come without its challenges. The industry is grappling with a complex web of factors that escalate construction costs, test its resilience, and underscore the importance of reliable, up-to-date construction cost data.
According to Gordian’s RSMeans Data Online Building Models, the national average cost per square foot for commercial new construction of hospitals is nearly 20% higher today than in 2020. In addition to rising construction costs, other key challenges include integrating new technologies, sourcing skilled labor, managing material availability, and implementing infection control protocols. These factors can significantly impact project budgets and timelines.
More building construction cost reports from Gordian:
- Retail center construction costs for 2024
- K-12 school construction costs for 2024
- Healthcare construction costs for 2023
- Higher education construction costs for 2023
- Hospitality building construction costs for 2023
Current, localized construction cost data is crucial for creating accurate budgets, planning future expansions, ensuring timely project completion, and maintaining a competitive edge.
Gordian’s data features over 100 building models, including hospital buildings. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for three-story hospital buildings.
Visit rsmeans.com/bdandc for more information about Gordian’s RSMeans Data.
Please note: Square foot models are used for planning and budgeting and are not meant for detailed estimates.
Related Stories
Healthcare Facilities | Apr 7, 2022
Visibility breeds traffic in healthcare design
Ryan Companies has completed several healthcare projects that gain exposure by being near retail stores or office buildings.
Healthcare Facilities | Mar 25, 2022
Health group converts bank building to drive-thru clinic
Edward-Elmhurst Health and JTS Architects had to get creative when turning an American Chartered Bank into a drive-thru clinic for outpatient testing and vaccinations.
Projects | Mar 21, 2022
BIG-designed Danish Neuroscience Center will combine groundbreaking science and treatment
A first-of-its-kind facility, a new Danish Neuroscience Center in Aarhus, Denmark designed by BIG, will combine psychiatry and neuroscience under one roof.
Projects | Mar 18, 2022
Toronto suburb to build the largest hospital in Canada
A new hospital in Ontario will nearly triple the care capacity of its existing facility—becoming the largest hospital in Canada.
Projects | Mar 15, 2022
Old Sears store will become one of the largest orthopaedics outpatient facilities in the Northeast
A former Sears store in Rochester, N.Y., will be transformed into one of the largest orthopaedics outpatient facilities in the Northeast.
Projects | Mar 10, 2022
Optometrist office takes new approach to ‘doc-in-a-box’ design
In recent decades, franchises have taken over the optometry services and optical sales market. This trend has spawned a commodity-type approach to design of office and retail sales space.
Industry Research | Mar 2, 2022
31 percent of telehealth visits result in a physical office visit
With little choice but to adopt virtual care options due to pandemic restrictions and interactions, telehealth adoption soared as patients sought convenience and more efficient care options.
Healthcare Facilities | Feb 15, 2022
New outpatient ophthalmology surgical center opens in Newington, N.H.
JSA Design designed the project.
Resiliency | Feb 15, 2022
Design strategies for resilient buildings
LEO A DALY's National Director of Engineering Kim Cowman takes a building-level look at resilient design.
Healthcare Facilities | Feb 10, 2022
Respite for the weary healthcare worker
The pandemic has shined a light on the severe occupational stress facing healthcare workers. Creating restorative hospital environments can ease their feelings of anxiety and burnout while improving their ability to care for patients.