COLLEGE CONSTRUCTION
Table 2 - Profiles of Buildings Currently Underway (000’s)
Median Size
(Sq. Ft.)
68,000
83,750
91,150
50,000
17,000
89,000
30,000
63,450
82,096
100,000
98,000
89,240
64,000
Building Type
Academic
Career
Health-Related
Library
Maintenance
Medical
Office
Performing
Phys Ed/Athletic
Residential
Science
Student Services
Technology
Media
Cost ($000s)
$30,000,000
$18,250,000
$23,200,000
$25,000,000
$5,200,000
$64,000,000
$13,245,650
$17,150,000
$27,000,000
$34,000,000
$42,750,000
$35,556,212
$23,816,571
Cost Per Sq. Ft.
Low
Quartile
$286.70
$214.29
$260.61
$275.86
$177.06
$298.36
$160.68
$248.83
$166.93
$225.00
$306.75
$261.01
$350.00
Median
$396.67
$237.82
$335.00
$343.14
$223.46
$515.36
$249.86
$337.13
$322.54
$267.63
$480.10
$398.64
$404.74
High
Quartile
$556.91
$346.15
$579.71
$357.14
$470.04
$625.00
$449.71
$375.00
$391.85
$364.86
$666.67
$546.67
$650.00
Buildings in Sample
67
12
17
9
15
26
14
16
12
27
46
18
21
To read this table: The median academic building completed in 2013 or to be completed in 2014 will contain 68,000 sq ft and will cost $30
million. The median cost is $396.67 per sq. ft One quarter of the academic buildings will cost $286.70 per sq ft or less: at the other end of the
spectrum, one quarter will cost $556.91 per sq ft or more. This information was gathered from 67 projects whose main purpose was identified
as “academic,” essentially housing classrooms, offices and instructional lab.
NEW
Product Showcase
Section Advertising
ONLY $175
CONTACT US
TODAY!
Tap Into The
$14.74 Billion
Educational
Products
Marketplace
ADVERTISE
WITH US
essentials magazine
essentials weekly
specED
OVER 4500 SUBSCRIBERS
FREQUENCY DISCOUNTS
MULTI-PLACEMENT
OPTIONS
RESERVE YOUR SPOT TODAY!
FOR AD RATES AND GUIDELINES
call: 800.395.5550 ext. 1034
email: [email protected]
visit: www.edmarket.org/publications
essentials | www.edmarket.org 15