Construction Boom Boosts New Lab Costs
New constructions costs will see moderate increases,
while renovation costs will escalate more quickly.
Currently, the overall economy is active, and construction activity is markedly up from this time last year, although the R&D construction marketplace continues to present a mixed picture. As reported over the past two years, construction costs have been escalating, and the forecast is for more of the same through 2007.
HLW International LLP, New York, N.Y., and its cost-estimating consultant, Accu-Cost Inc., also of New York, have been publishing lab construction and renovation cost reports annually since 1994. This article will focus on new and renovation construction costs in domestic and international locations.
Due to the charts in this article a PDF has been made available for download.
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