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 7, 2018
Gulf Coast Medical Center to receive 365,700-sf extension and 48,500-sf renovation
HKS is designing the project and Skanska USA will build it.
Healthcare Facilities | Apr 30, 2018
Child-specific mental health center features design elements to support healing
CannonDesign designed the project.
Contractors | Apr 26, 2018
At Boston University’s dental school, ‘under construction’ won’t mean ‘closed for business’
A major renovation and addition are scheduled to minimize operational disruption.
Healthcare Facilities | Apr 24, 2018
The ins and outs of inmate healthcare
Research has shown that inmates are getting older and sicker.
Healthcare Facilities | Apr 20, 2018
Revamping pharmacies for public safety and compliance
Released in February 2016, the latest standards of the United States Pharmacopeia’s Chapter 800 Pharmaceutical Compounding—Sterile Preparations builds on earlier regulations set forth by USP 797.
Healthcare Facilities | Apr 16, 2018
JE Dunn Construction and Hoefer Wysocki Architects selected for Sheppard Air Force Base Medical/Dental Clinic design-build contract
The project is targeting LEED Silver certification.
Healthcare Facilities | Mar 28, 2018
Sound health: How tranquility rooms can heal caregivers
Sound can also be healing. It promotes a culture of quietness and enhances environments, not just for patients but also for caretakers.
Healthcare Facilities | Mar 19, 2018
New York’s only freestanding pediatric health facility completed on the Buffalo Niagara Medical Campus
Shepley Bulfinch designed the project.
Healthcare Facilities | Mar 5, 2018
Four tips for designing the hospital of the future
What exactly is the hospital of future? Or more specifically, what is the future of healthcare design?
Healthcare Facilities | Feb 28, 2018
Healthcare operations: The good and bad of the ‘visit per room per day’ metric
Merely pursuing a high “visit per room per day” metric may drive up other resource needs and, in turn, raise operational costs, writes HDR's Zhanting Gao.
