What are the average unit costs for medium to large apartments?

4 Replies

I’m being quoted 145k / unit in Kansas City to build a b grade apartment building. This seems beyond crazy and like they are taking me for a ride on a 30 unit building. What is normal at this point?

@Jonathan Wildy I think that is a fair price. The price of lumber has skyrocketed. Also, land around KC has gone up quite a bit over the last 3 years as well. Hope that helps!