Construction costs soar amid high demand for space (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Nancy Sarnoff
Commercial construction costs are up sharply this year and further increases are predicted for the second half, as high demand, labor and material shortages push up prices for building projects.

The cost to build a high-rise office building is up close to 10 percent over a year ago in some instances, according to an annual report on construction costs from Kirksey Architecture.

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