Construction Cost Per Square Foot Ranges
The Construction Cost per Square Foot chart is based on the Certificate of Need projects that involve construction (renovation and/or new) that were approved over the last three years. The total construction cost is divided by the square foot. The result is then ranked to create four divisions (quartiles) of lowest to highest cost per square foot. These rankings are grouped according to the type of facility the project involves - Nursing Home, Hospital, Ambulatory Surgical Treatment Center, and Outpatient Diagnostic Center.