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Chester County Economic Development
Development Cost

Average Development Cost

As you can see, development costs in our area fall considerably below that of other U.S. cities with similar business and living advantages.


City

Construction Cost

Contractor’s Overhead & Profit

Architectural Fees

Total Building Costs

Rock Hill, SC

$4,264,650
$4,738,500
$5,923,125

$1,066,163
$1,184,625
$1,480,781

$228,536
$253,929
$317,411

$5,559,349
$6,177,054
$7,721,317

Atlanta, GA

$5,104,800
$5,672,000
$7,090,000

$1,276,200
$1,418,000
$1,772,500

$267,810
$297,567
$371,958

$6,648,810
$7,387,567
$9,234,458

Nashville, TN

$4,925,250
$5,472,500
$6,840,625

$1,231,313
$1,368,125
$1,710,156

$259,177
$287,974
$359,967

$6,415,740
$7,128,599
$8,910,748

Cincinnati, OH

$5,297,400
$5,886,000
$7,357,500

$1,324,350
$1,471,500
$1,839,375

$277,007
$307,786
$384,733

$6,898,757
$7,665,286
$9,581,608

Jacksonville, FL

$4,671,450
$5,190,500
$6,488,125

$1,167,863
$1,297,625
$1,622,031

$246,875
$274,305
$342,882

$6,086,188
$6,762,430
$8,453,038

Richmond, VA

$4,939,650
$5,488,500
$6,860,625

$1,234,913
$1,372,125
$1,715,156

$259,871
$288,746
$360,932

$6,434,434
$7,149,371
$8,936,713

Charlotte, NC

$4,442,850
$4,936,500
$6,170,625

$1,110,713
$1,234,125
$1,542,656

$236,106
$262,340
$327,925

$5,789,669
$6,432,965
$8,041,206

Key: Low range costs: green; Medium range: blue, High Range: orange.
Model: Factory, 1-story construction, concrete block/steel frame.
Story Height: 20 l. ft. Floor Area: 100,000 sq. ft. Basement: Not included. Wage: Union rate.
Source: Reed Construction Data. Data Release: 2008.

Costs are derived from a building model with basic components. Scope differences and market conditions can cause costs to vary significantly.

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