Senior Living Construction Costs Could Rise 4% to 6% in Next 12 Months

​Senior living construction costs are still rising, but several factors could help moderate those cost increases in 2025.  Construction firm The Weitz Company is anticipating a 4% to 6% increase in construction costs over the next year, signaling “the need for strategic planning and cost control as the market continues to shift,” according to a Weitz construction costs brief.
According to the report, construction costs for independent living range from $239 to $290 per square foot for mid-level projects, while high-level projects range from $282 to $361 per square foot. Assisted living projects range in cost from $278 to $354 per square foot and $263 to $322 per square foot for mid-level and high-level projects respectively.
​Read the full article from Senior Housing News Here: