Updated over 5 years ago on . Most recent reply
New Multifamily Development in Philadelphia
Hi, I am currently underwriting a 50 unit multifamily project in Philadelphia, PA. Can anyone advise on an average cost of ground-up construction in Philly?
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Lots of variables there, Jay. Chiefly build height (steel vs stick), location, prevailing wage, etc. Between $145-$175 is probably safe.