Global standard high rise office building cost in selected cities 2023

Published by
Fernando de Querol Cumbrera,
Nov 19, 2024

New York was one of the cities worldwide with the highest construction costs for high rise offices as of the third quarter of 2023. The average price of building a high rise office in London amounted to over 4,700 U.S. dollars per square meter, while the cost for that same type of building in Johannesburg was 700 U.S. dollars per square meter. The cost of multi-unit high rise buildings were also the most expensive in New York.

Average standard high rise office building costs worldwide in 2023, by selected city (in U.S. dollars per square meter)

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Release date

September 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

These prices exclude land, site works, professional fees, tenant fit-out, and equipment. Exchange rates to U.S. dollars as of the first half of 2023.

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