These prices exclude land, site works, professional fees, tenant fit-out, and equipment. Rates exclude GST/VAT. Exchange rates to U.S. dollars as of the first half of 2024 (Q3 2024 in the case of the United Arab Emirates and Saudi Arabia).
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Global multi-unit high-rise building costs in selected cities 2024
In a comparison of selected cities worldwide, London had the highest costs for the construction of a multi-unit high-rise building in 2024. That year, such a project cost on average ***** U.S. dollars per square meter in London, but just *** U.S. dollars per square meter in Shanghai. New York, San Francisco, and Los Angeles were also among the most expensive cities.
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ASAQS. (October 9, 2025). Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter) [Graph]. In Statista. Retrieved May 07, 2026, from https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/
ASAQS. "Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter)." Chart. October 9, 2025. Statista. Accessed May 07, 2026. https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/
ASAQS. (2025). Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter). Statista. Statista Inc.. Accessed: May 07, 2026. https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/
ASAQS. "Average Multi-unit High-rise Building Costs in Selected Cities Worldwide in 2024 (in U.S. Dollars per Square Meter)." Statista, Statista Inc., 9 Oct 2025, https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/
ASAQS, Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter) Statista, https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/ (last visited May 07, 2026)
Average multi-unit high-rise building costs in selected cities worldwide in 2024 (in U.S. dollars per square meter) [Graph], ASAQS, October 9, 2025. [Online]. Available: https://www.statista.com/statistics/756771/global-multi-unit-high-rise-building-costs-in-cities/
