Crunching the latest quarterly numbers and giving you the trends that matter, so that you have the insight you need going into the next quarter.
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Construction Cost Index by City
The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. Click a city below to jump to the latest findings.
Advice for Building Owners in Chicago
Nationally, the Mortenson Cost Index increased by 1.2% in the 2nd quarter of 2024, a 1.9% increase over the previous twelve months. Costs in Chicago increased 0.8% in the most recent quarter and 1.4% over the last twelve months.
Advice for Building Owners in Chicago
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Chicago, costs rose 2.6% this quarter and 4.5% over the last twelve months.
Advice for Building Owners in Denver
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Denver, costs rose 2.2% this quarter and 1.6% over the last twelve months.
Advice for Building Owners in Milwaukee
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Milwaukee, costs rose 2.6% this quarter and 4.3% over the last twelve months.
Advice for Building Owners in Minneapolis
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Minneapolis, costs rose 2.5% this quarter and 5% over the last twelve months.
Advice for Building Owners in Phoenix
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Phoenix, costs rose 2.1% this quarter and 4% over the last twelve months.
Advice for Building Owners in Portland
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Portland, costs rose 2.2% this quarter and 3.4% over the last twelve months.
Advice for Building Owners in Salt Lake City
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Salt Lake City – where we recently began tracking cost trends – the index increased 1.0% in the most recent quarter and 2.5% over the last nine months.
Advice for Building Owners in Seattle
Nationally, the Mortenson Cost Index went up 2.2% in the first quarter of 2025 and is up 3.9% compared to a year ago. In Seattle, costs rose 2.6% this quarter and 4.6% over the last twelve months.
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