Construction costs in New York City, which started to increase in 2010, are continuing to rise, according to a review of multiple surveys made by the New York Building Congress. This comes after a decline in 2009.
NYBC reviewed a series of surveys including Engineering News-Record’s Building Cost Index, which shows that construction costs in New York City have risen 3.55% so far in 2011 and 2.42% in 2010, after falling 1.94% in 2009.