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 | Nov 3, 2023
The University of Chicago Medicine is building its city’s first freestanding cancer center with inpatient and outpatient services
The University of Chicago Medicine (UChicago Medicine) is building Chicago’s first freestanding cancer center with inpatient and outpatient services. Aiming to bridge longstanding health disparities on Chicago’s South Side, the $815 million project will consolidate care and about 200 team members currently spread across at least five buildings. The new facility, which broke ground in September, is expected to open to patients in spring 2027.
Sponsored | | Oct 17, 2023
The Evolution of Medical Facility Security
As the healthcare system grows, securing these facilities becomes ever more challenging. Increasingly, medical providers have multiple facilities within their networks, making traditional keying systems and credentialing impractical.
Healthcare Facilities | Oct 11, 2023
Leveraging land and light to enhance patient care
GBBN interior designer Kristin Greeley shares insights from the firm's latest project: a cancer center in Santa Fe, N.M.
Healthcare Facilities | Oct 9, 2023
Design solutions for mental health as a secondary diagnosis
Rachel Vedder, RA, LEED AP, Senior Architect, Design Collaborative, shares two design solutions for hospitals treating behavioral health patients.
Giants 400 | Oct 5, 2023
Top 115 Healthcare Construction Firms for 2023
Turner Construction, Brasfield & Gorrie, JE Dunn Construction, DPR Construction, and McCarthy Holdings top BD+C's ranking of the nation's largest healthcare sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue related to all healthcare buildings work, including hospitals, medical office buildings, and outpatient facilities.
Giants 400 | Oct 5, 2023
Top 90 Healthcare Engineering Firms for 2023
Jacobs, WSP, IMEG, BR+A, and Affiliated Engineers head BD+C's ranking of the nation's largest healthcare sector engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue related to all healthcare buildings work, including hospitals, medical office buildings, and outpatient facilities.
Giants 400 | Oct 5, 2023
Top 175 Healthcare Architecture Firms for 2023
HDR, HKS, CannonDesign, Stantec, and SmithGroup top BD+C's ranking of the nation's largest healthcare sector architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking includes revenue related to all healthcare buildings work, including hospitals, medical office buildings, and outpatient facilities.
Adaptive Reuse | Sep 19, 2023
Transforming shopping malls into 21st century neighborhoods
As we reimagine the antiquated shopping mall, Marc Asnis, AICP, Associate, Perkins&Will, details four first steps to consider.
Healthcare Facilities | Sep 13, 2023
Florida’s first freestanding academic medical behavioral health hospital breaks ground in Tampa Bay
Construction kicked off recently on TGH Behavioral Health Hospital, Florida’s first freestanding academic medical behavioral health hospital. The joint venture partnership between Tampa General (a 1,040-bed facility) and Lifepoint Behavioral Health will provide a full range of inpatient and outpatient care in specialized units for pediatrics, adolescents, adults, and geriatrics, and fills a glaring medical need in the area.
Healthcare Facilities | Sep 8, 2023
Modern healthcare interiors: Healing and care from the outside in
CO Architects shares design tips for healthcare interiors, from front desk to patient rooms.