Construction Cost Increases for Four College Building Categories

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A college dormitory had the largest year-over-year increase in construction costs in April 2008 (+3.9% on average for 25 major centers) among four educational categories monitored by RSMeans. In second place was a laboratory (+3.5%), followed by a student union building (+3.0%) and a classroom (+2.8%). As for actual dollar-per-square-foot cost of construction, a college dormitory is most expensive. With respect to city increases, Chicago consistently recorded the greatest year-over-year percentage rise.