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 | Dec 15, 2021
MEP design considerations for rural hospitals
Rural hospitals present unique opportunities and challenges for healthcare facility operators. Oftentimes, the infrastructure and building systems have not been updated for years and require significant improvements in order to meet today’s modern medical demands. Additionally, as these smaller, more remote hospitals are acquired by larger regional and national healthcare systems, the first step by new ownership is often to update and rehabilitate the building. But how can this be done thoughtfully, economically, and efficiently in ways that allow the engineering and facility staff to adapt to the changes? And how can the updates accurately reflect the specific needs of rural communities and the afflictions with which these areas most commonly face?
Healthcare Facilities | Dec 7, 2021
Wheeler Kearns Architects completes Howard Brown Health’s Broadway Youth Center in Chicago
The new facility will provide medical and social service programs to LGBTQI+ youth.
Healthcare Facilities | Nov 23, 2021
Why vertical hospitals might be the next frontier in healthcare design
In this article, we’ll explore the opportunities and challenges of high-rise hospital design, as well as the main ideas and themes we considered when designing the new medical facility for the heart of London.
Healthcare Facilities | Nov 12, 2021
Centro Hospitalario Serena Del Mar is Safdie Architects’ first project in Latin America
The hospital project is characterized by its connectivity to nature.
Healthcare Facilities | Nov 2, 2021
Key design considerations for designing the smart patient room
The complete patient experience encompasses the journey to the hospital, the care experience, and the trip back home. All these touchpoints come with an expectation.
Cladding and Facade Systems | Oct 26, 2021
14 projects recognized by DOE for high-performance building envelope design
The inaugural class of DOE’s Better Buildings Building Envelope Campaign includes a medical office building that uses hybrid vacuum-insulated glass and a net-zero concrete-and-timber community center.
Healthcare Facilities | Oct 22, 2021
The VA is updating what once was the main hospital on a Florida medical campus
The renovated Building One will provide outpatient services.
Healthcare Facilities | Oct 21, 2021
UW Medical Center starts construction on Behavioral Health Teaching Facility
Will add much-needed patient bed capacity for Seattle.
Healthcare Facilities | Oct 20, 2021
Ware Malcomb completes Princeton Longevity Center at 1 World Trade Center
The project is located on the 71st floor.
Healthcare Facilities | Oct 6, 2021
Orléans Health Hub is Ottawa’s newest healthcare facility
HDR designed the project.
