Construction Costs High Rise Luxury Apartment Building

Dec 14, 2025 ·Costranges reflect total project budgets and per-unit estimates for mid-rise tohigh-riseapartments. Assumptions include market-rate units, standard finishes, and a mixed-use podium in a non-rural metro area.

May 21, 2025 ·The national average cost to build a mid-rise (four to seven stories) orhigh-rise(eight or more stories) apartment complex typically ranges from $220 to $700 per square foot.

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Constructioncostsin NYC range from $200–$500 per square foot for residential projects, withluxuryhomes reaching $800–$1,000+ per square foot. Commercialhigh-riseoffices now average $430–$1,000 per square foot depending on class and height.

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Jan 28, 2025 ·Every 10 stories or so increases thecosttobuildbecausehigh-riseapartmentsmust be designed to resist potential earthquakes and strong winds. While a larger building with more units will always be much moreexpensivetobuild, there’s potential for a higher ROI as well.

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Easily understand potential multifamilyconstructioncostsin 2026 with our calculator and guide, whether you're building a four- or 20-unitsapartmentcomplex.

Nov 20, 2023 ·Luxuryhigh-riseapartmentscostmore to build but tend to make more money in rent. Region –Apartmentsbuilt on the east or west coast tend tocostmore than in the Midwest or south. Land close to restaurants, schools, highways, major cities, and bodies of water is also worth more.

The demand forconstructionlabor is at an all-timehighand thecostof materials is the most they have ever been. As Toby Bozzuto, CEO of Bozzuto Group puts it, "The two-by-four doesn't care whether it's in aluxurybuildingor in an affordablebuilding.