Kirksey Architecture has released its 2023 Cost Construction Trends reports for Houston, Austin, and Dallas. With market conditions in the construction economy constantly changing, Kirksey provides the Trends report as a service to its clients, annually polling leading general contractors to give an update on current conditions.
The reports shed light on current cost data for office buildings, parking structures, and corporate interiors in each market compared to last year. The reports also describe the latest market trends, including an update on mass timber.
Click the links below to access the market-based reports:
AUSTIN – Kirksey Cost Construction Trends 2023
DALLAS – Kirksey Cost Construction Trends 2023
HOUSTON – Kirksey Cost Construction Trends 2023
“As more people become knowledgeable about the construction and sustainability advantages of mass timber, we expect to see an increase in mass timber construction systems in larger and taller commercial developments,” said Paul Newsoroff, Director of Commercial Projects at Kirksey. “Although costs are up across Texas’ major markets, we could witness a decrease in price thanks to a production boost stemming from the southern yellow pine forests along the south and southeastern parts of the country.”
Within the reports, the office building figures apply to site, and core and shell only, while the corporate interiors costs reference a 25,000-square-foot floorplate. Kirksey has conducted this survey in Houston for over 20 years and expanded to the Austin market coverage in 2019. This is the first year for the firm to report on the Dallas market.
“While supply chain, labor, and overall economic inflation continues to present new challenges, we are pleased to report the rate of cost increases has slowed since our previous report,” said Brian Malarkey, Executive Vice President and Director of Interior Architecture at Kirksey. “We attribute the increases in interior architecture cost across each market to the now universal goal to lure people back to the office with dynamic workspaces and enhanced amenities – which are much more expensive than the conventional buildouts of the past.”
Kirksey has active commercial and corporate interior projects underway in all cities surveyed.
The statistics for these reports were provided by Austin Commercial, Cadence McShane, DPR Construction, Fransen Pittman General Contractors, Gordon Highlander, Hill & Wilkinson, HITT Contracting, JE Dunn, Joeris General Contractors, Northgate Construction, Rand Construction, Scott + Reid, Structure Tone Southwest, Swinerton, Turner Construction, Hoar Construction, Rogers-O’Brien, Sabre Commercial, SpawGlass Contractors, Tribble & Stephens, White Construction, Anslow Bryant, Arch-Con Corp., Brookstone Construction, Burton Construction, E.E. Reed Construction, Gallant Commercial, Harvey-Cleary, Linbeck Group, O’Donnell/Snider Construction, Rosenberger Construction, Structura Inc. and W.S. Bellows Construction Corp.