Arcadis, a leading global design and consultancy organisation for natural and built assets, has released its latest International Construction Cost Index, showing that the ten least expensive cities for construction are in Asia with the majority of those found in China. London, New York City and Hong Kong topped the annual ranking, followed by Geneva and San Francisco.
The 2020 Arcadis ICC Index covers 100 of the world’s large cities across six continents. The cost comparison was developed covering twenty building functions, based on a survey of construction costs, review of market conditions and the professional judgement from its global team of experts.
In addition to providing a comparative index of global construction costs, this report also focuses on emerging trends associated with climate change – highlighting Arcadis work being done in many markets to reduce the environmental impacts of construction. This year’s report addresses two challenges: the unfolding effects of the COVID-19 pandemic, and the need for the industry to focus on rethinking resilience amid climate change while plotting a course towards a carbon neutral future.
To learn more about this report or to download a copy visit the Arcadis website.