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Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter)

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Release date

October 2025

Region

Worldwide

Survey time period

2024

Supplementary notes

As of Q3 2024.

These prices exclude land, site works, professional fees, tenant fit-out, and equipment. Rates exclude GST/VAT. Exchange rates to U.S. dollars as of the first half of 2024 (Q3 2024 in the case of the United Arab Emirates and Saudi Arabia).

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Global multi-unit high-rise building costs in selected cities 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 20, 2026

In a comparison of selected cities worldwide, London had the highest costs for the construction of a multi-unit high-rise building in 2024. That year, such a project cost on average U.S. dollars per square meter in London, but just *** U.S. dollars per square meter in Shanghai. New York, San Francisco, and Los Angeles were also among the most expensive cities.

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