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Keep up to dateCar park - Current construction costs | ||
Unit size m2/car | Unit cost £/m2 gifa | |
Surface | 20-22 | 45-65 |
Surface landscaped | 20-24 | 75-105 |
Grade and upper level | 23-30 | 130-200 |
Multistorey flat slab | 23-30 | 270-340 |
Semi-basement with natural ventilation | 25-30 | 350-410 |
Industrial buildings - Current construction costs | ||
Complexity of services installation | ||
Shell with heating and lighting to office areas only | Unit including services to production area | |
Unit size (gifa) | £/m2 (gifa) | £/m2 (gifa) |
500-1,000 m2 | 275-660 | 500-780 |
1,000-2,000 m2 | 220-580 | 450-720 |
greater than 2,000 m2 | 280-580 | 450-720 |
Warehouses and distribution centres - Current construction costs | |||
Complexity of services installation | |||
up to 10,000 m | 10,000 m to 20,000 m | over 20,000 m | |
£/m (gifa) | £/m2 (gifa) | £/m2 (gifa) | |
Low bay | 250-280 | - | - |
High bay | 280-410 | 240-350 | 230-350 |
Tenant’s mechanical handling | |||
and chilled store installation | - | - | 400-750 |
Business park offices - Current construction costs (including developer’s finish) | ||
Unit size | ||
Less than 2,000 m2 | More than 2,000 m2 | |
£/m2 (gifa) | £/m2 (gifa) | |
Functional – non air-conditioned | 650-850 | 600-800 |
Medium quality – non air conditioned | 750-950 | 700-900 |
Medium quality - air conditioned | 850-1,000 | 800-1,000 |
High quality - air conditioned | 900-1,200 | 850-1,250 |
City-centre office buildings - Current construction costs (including developer’s finish) | |||
Low rise | Medium rise | High rise | |
£/m2 (gifa) | £/m2 (gifa) | £/m2 (gifa) | |
Regional cities - high quality speculative offices-air conditioned | 1,000-1,250 | 1,100-1,350 | – |
City and West End - high quality speculative offices -air conditioned | – | 1,400-2,000 | 1,850-2,450 |
City and West End - high quality owner occupied offices (including owner’s fit-out costs)air conditioned | – | 2,000-2,600 | 2,450-3,050 |
NB Cost of the City and West End speculative and owner-occupied offices are based on a Central London location. The Regional City office costs are based on a South-east location |
Office fit-out - Current construction costs | ||
Indicative costs for fit-out of office space from shell-and-core condition | ||
City/West End offices | Out-of-town offices | |
£/m2 (nifa) | £/m2 (nifa) | |
Developers fit-out to general office areas | 325-450 | 200-300 |
General office space - open plan | 380-550 | 250-400 |
General office space - part cellular | 525-800 | 350-550 |
Senior executive offices | 600-900 | – |
Conference suites | 1,100-1,500 | – |
Back of house/storage | 530-650 | 280-400 |
Restaurant | 1,150-1,950 | – |
Kitchen | 2,100-2,600 | – |
NB Fit-out costs are taken from shell-and-core condition and for general scope of work without additional building requirements for IT rooms and so on. Cost of City and West End office fit-outs are based on a central London location. | ||
The out-of-town office fit out costs are based on a South-east location. All rates are based on net internal floor area. |
Leisure centre - Current construction costs | ||
Indicative area | Unit cost | |
m2 (gifa) | £/m2 (gifa) | |
Dry leisure centre | 1,000-1,500 | 800-1,300 |
Wet and dry leisure centre | 4,500-9,000 | 1,500-2,100 |
Swimming pools 25 m long | 1,800-2,500 | 1,250-2,150 |
50 m long, international competition standard | n/a | 2,500-3,100 |
Out of town health and fitness club (shell and fit-out, including pool) | 3,200-4,200 | 950-1,500made of long-life and short-life cycle cost components. |
Shopping centres - Current construction costs | |
Unit rate £/m2 (gifa) | |
New-build shopping centre | |
Mall, comfort cooled retail shells | 2,600-4,150 |
Anchor tenants, capped off services | 550-900 |
Medium/small store units, capped off services | 750-1,000 |
Centre management | 1,050-1,450 |
Enclosed surface level service yard | 800-1,000 |
New-build factory outlet centre | |
Enclosed mall | 2,350-3,800 |
Retail unit to open mall | 430-800 |
Shopping centre refurbishment | |
Mall, limited scope | 875-1,350 |
Mall, comprehensive | 1,250-1,900 |
Supermarkets - Current construction costs (including developer’s finish) | |
Unit cost £/m2 (gifa) | |
Shell | 250-400 |
Local store fit-out | 850 – 1,300 |
Supermarket fit-out | 650-1,200 |
Hypermarket fit-out | 550-1,000 |
Costs are £/m2 gross internal floor area, which includes back of house areas. The fit-out costs include all display and refrigeration units, check outs and IT systems. |
Stadiums and grandstands - Current construction costs | |
Unit cost £/seat | |
Stadiums and grandstands | |
Basic stand; WCs and concession areas only | 350-700 |
Medium quality stand/stadium; WCs, concession areas and limited hospitality | 700–1,500 |
High quality stand/stadium; changing facilities, offices, retail hospitality areas and conference facilities | 1,500-2,900 |
National stadium; full facilities including retail, hospitality and conferencing; allowances at the upper end of the scale include retractable roof and pitch | 2,900-5,000 |
Indoor arenas | |
Indoor arena with permanent ice pad and demountable running track, with 50% retractable seating. (Unit costs based on higher seating capacity achieved in ice rink configuration.) | 4,000–5,000 |
Note: Estimating the construction costs of stadiums, grandstands and arenas should be based on a clear understanding of the cost drivers of a specific scheme. There are many development variables that may not directly be affected by the number of seats. These include: tier arrangement, roof structure, sightlines, building footprint and provision of additional space for hospitality/community use etc. Estimates prepared on a cost per seat basis without taking into account these variables could be inaccurate. |
Schools and Further Education Colleges - Current construction costs | |
Unit cost £/m2 (gifa) | |
Classroom blocks | 650-1,150 |
Laboratories | 800-1,200 |
Craft design and technology | 750-1,200 |
Music | 800-1,650 |
Sixth Form | 750-1,250 |
Libraries and Learning Resource Centres - Current construction costs | |
Unit cost £/m2 (gifa) | |
Learning resource centres | |
Economical | 850-1,100 |
High quality | 1,150-1,600 |
University and Collegiate libraries (including fittings) | 2,050-2,600 |
Public libraries | 1,300-1,750 |
Primary healthcare - Current construction costs | |
Unit cost £/m2 (gifa) | |
Doctor’s surgery – basic | 850-1,150 |
Doctor’s surgery/medical centre | 1,100-1,400 |
Hospitals - Current construction costs | |
Unit cost £/m2 (gifa) | |
Diagnostic and treatment centres | 1,900-2,200 |
Acute services hospitals | 1,450-1,700 |
Radiotherapy and oncology units | 1,650-1,900 |
Community hospitals | 1,350-1,550 |
Social housing - Current construction costs | ||
Unit size m2 | Unit cost £/m2 (gifa) | |
Terrace, two bed | 65 | 450-740 |
Semi-detached, three bed | 90 | 570-770 |
Low-rise flats, two bed | 62 | 650-900 |
Medium-rise flats, two bed | 62 | 760-1,100 |
Private housing - Current construction costs | |
Unit cost £/m2 (gifa) | |
Three to four-storey apartment building – Inner London | |
Load bearing construction, limited finishes, LPHW central heating installation | 950-1,200 |
High quality multistorey apartments – Inner London | |
Framed construction, cladding and curtain walling, multiple core layout, high quality interior with limited floor finishes, partial comfort cooling, all-electric heating installation | 1,600-1,800 |
Prestige quality multistorey apartments – Inner London | |
Framed construction, high quality stone and glass curtain walling, multiple core layout, top specification finishes, comfort cooling throughout, LPHW central heating. | 2,200-2,400 |
Note: All costs in this table are based on an Inner London location |
Hotels - Current construction costs | |||
Average gross floor area per room m2 gifa | Unit cost £/m2 gifa | £000s/ bedroom | |
Luxury city centre hotel Multistorey, conference and wet leisure facilities | 70-130 | 1,800-2,300 | 150-230 |
Business town centre/provincial hotel 4-6 storeys, conference and wet leisure facilities | 70-100 | 1,500-2,100 | 100-140 |
Mid-range provincial hotel 2 to 3 storeys, conference and leisure facilities | 55-65 | 1,250-1,700 | 60-95 |
2 to 3 storeys, bedroom extension | 35-45 | 1,100-1,500 | 40-60 |
City-centre apartment hotel 4 to 7 storey apartments with self-catering facilities | 50-65 | 950-1,300 | 50-85 |
Budget city centre hotel (new build) 4 to 6 storeys, dining and bar facilities | 35-50 | 1,000-1,200 | 35-60 |
Budget city centre hotel (office conversion) 4 to 6 storeys, excluding dining facilities | 32-38 | 800-1,250 | 25-50 |
Budget roadside hotel 2 to 3 storey lodge, excluding dining facilities | 28-35 | 850-1,150 | 28-40 |
NB Costings include all furniture, fixtures and fittings |
Regional variations | |
The costs are, unless otherwise noted in the text, appropriate for projects in the South-east and should be adjusted by the following location factors for schemes in other regions. | |
Inner London | 1.12 |
Outer London | 1.05 |
South-west | 0.94 |
East Midlands | 0.93 |
West Midlands | 0.92 |
East Anglia | 0.94 |
Yorkshire & Humberside | 0.88 |
North-west | 0.91 |
North | 0.91 |
Scotland | 0.89 |
Wales | 0.89 |
Northern Ireland | 0.77 |