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Article: Economic forces continue to drive up lab construction costs: new construction lab costs are expected to increase from 3% to 10% in the U.S. in 2008, depending upon local market conditions.(Economic Forecast)(Statistical table)
- Article from:
- R & D
- Article date:
- September 1, 2008
- Author:
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Research laboratory construction costs are expected to increase in 2008 due to the same combustible mix of forces seen over the past several years--rising oil prices, aggressive labor demands, spikes in commodity prices, and an active construction market in North America. These forecasts are made by analysts at HLW International LLP, New York, N.Y.(Ted Hammer and Reza Agahian) and Accu-Cost Construction Consultants, New York, N.Y. Edward Mermelstein).
Facility Type 2007 $/GSF2008 $/GSF
Biomedical$430 - $460 $480 - $510
Animal Research $525 - $575 $600 - $650
Toxicology$490 - $550 ...