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 | May 16, 2019
ASU Health Futures Center combines a novel design and approach to learning
The trapezoidal shape of the building is an eco-friendly feature.
Healthcare Facilities | May 9, 2019
Construction of new children’s hospital addition in NW Florida had to weather several storms
Patient and staff care were primary concerns during this 25-month project, says its GC.
Healthcare Facilities | May 3, 2019
The healthcare sector is turning to drones to supplement medical services
Leo A Daly’s Miami studio envisions a drone-powered hospital that enhances resilience to natural disasters.
| Apr 26, 2019
Greenwich Hospital upgrades boilers to improve operational efficiency
Greenwich Hospital, in Greenwich, Conn., chooses new Miura boilers.
Healthcare Facilities | Apr 15, 2019
It’s official: China opens first green hospital, designed by HMC Architects
Shunde Hospital of Southern Medical University is the official pilot green hospital for development of China’s green guide for hospital design.
Healthcare Facilities | Apr 12, 2019
New health pavilion completes on the Health Education Campus at Case Western Reserve University
Foster + Partners designed the facility.
Healthcare Facilities | Apr 9, 2019
How healthcare organizations can leverage design and culture's symbiotic relationship
The relationship between workplace design and company culture isn’t all that different from a tango.
Healthcare Facilities | Apr 3, 2019
Patients will actively seek out lower-cost and virtual healthcare in the future
Mortenson’s latest study finds that Millennials’ inclinations toward technological solutions are changing how care is and will be delivered.
Healthcare Facilities | Apr 3, 2019
Children’s Hospital at Sacred Heart addition includes 175,000 sf of new construction
HKS Architects designed the addition.
Healthcare Facilities | Mar 29, 2019
Former grocery store becomes a cancer care center in New Jersey
Francis Cauffman Architects (FCA) designed the adaptive reuse project.
