Chicago construction costs third-highest in country – Crain’s

Only New York and San Francisco have higher construction costs than the Chicago market, according to a report from Jones Lang LaSalle. Construction costs here have risen 31.6 percent over the past decade, more than any other metro area in the Midwest but less than several others in the country, especially those on the West Coast, the report shows.
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nixit
6 years ago

Look no further than the increases in pension and health benefit costs under prevailing wage laws. Pension cost per hour for most building trades doubled over the past decade.

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