US EditionSure, NYC Construction Labor Is Expensive. But That's Only Half of It.
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Sure, NYC Construction Labor Is Expensive. But That's Only Half of It.
As the song goes, New York City is a “concrete jungle where dreams are made of.” But have you looked at the cost of laying concrete jungles in Manhattan lately? Gotham holds the distinction of being the most expensive construction market on the planet, with the cost per square foot for new buildings averaging $534, according to a recent report from consultancy Turner & Townsend. For perspective, that now outpaces famously regulation-clogged Cali…
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