| | Healthcare Industry | Hospitals
Is there an approximate cost per square foot for new construction when estimating the of a hospital?
The cost per square foot for new hospital construction can vary significantly depending on several factors, including location, size, complexity of the facility, and the specific requirements and finishes desired. Here are some general ranges for the cost per square foot for new hospital construction:
- Basic/Outpatient Facilities: $300 - $500 per square foot
- General Medical/Surgical Hospitals: $400 - $800 per square foot
- Specialized Hospitals (e.g., Cancer Centers): $600 - $1,000 per square foot
- Academic Medical Centers/Teaching Hospitals: $800 - $1,200 per square foot
These figures represent approximate ranges based on industry averages, and actual costs may vary based on specific project requirements and local market conditions. It is essential to consult with construction professionals, architects, and project estimators for accurate and up-to-date cost estimates for a specific hospital construction project.