NYC, San Francisco among top 10 global cities with highest pandemic construction costs

Dive Transient:

  • New York City and San Francisco, according to the Arcadis 2021 Intercontinental Development Price tag Index, are among the top 10 metropolitan areas about the globe with the highest design costs. Arcadis compiled the report through the “next, more robust wave” of the COVID-19 pandemic.
  • The two U.S. cities had been rated No. 7 and No. 8 respectively, with Geneva rated the most high priced. Rounding out the prime 10 checklist have been London Copenhagen, Denmark Oslo, Norway Zurich Hong Kong Dublin and Macao.
  • Irrespective of the pandemic, Arcadis mentioned, most markets included by the report, including people in the U.S., remained stable and resilient, leaving them positioned for a recovery. The U.S., for case in point, skilled a “reasonably moderate” contraction of 2.4%. This means that lots of contractors will be able to choose advantage of infrastructure and other developing packages possibly funded by the $1.9 trillion
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