Global standard high rise office building cost by city 2021

Published by
Fernando de Querol Cumbrera,
Aug 6, 2023
New York was one of the cities worldwide with the highest construction costs for high rise offices as of the third quarter of 2021. The average price of building a high rise office in London amounted to over 5,000 U.S. dollars per square meter, while the cost for that same type of building in Johannesburg was 924 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 as of 3rd quarter 2021, by selected city (in U.S. dollars per square meter)

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Release date

December 2022

Region

Worldwide

Survey time period

As of 3rd quarter 2021

Supplementary notes

These prices exclude land, site works, professional fees, tenant fit-out, and equipment. Exchange rates to U.S. dollars as of Q3 2021.

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