San Francisco construction prices soared across all four quarters in 2019, according to the UK-based consultants firm Rider Levett Bucknall (RLB). A new cost report covering major U.S. markets for 2019 showed:
The RLB report does not include residential construction in these assessments—but the same factors that drive up prices for every type of project apply to housing as well, especially the cost of labor, which has been short in the city relative to the demands of the building boom.
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