Leading Altus Group Cost Consulting Team Releases 2013 Construction Cost Guide
Adds Premium Outlet category in response to increased activity in retail sector
TORONTO, ONTARIO–(Marketwire – March 7, 2013) – Altus Group’s Cost Consulting Team (“Altus”) (TSX:AIF) is pleased to release the 2013 Construction Cost Guide (the “Guide”). Backed by over 40 years of industry data and expertise, it is the premier Guide for those involved in the development, infrastructure and construction industries.
The 2013 Guide provides construction costs for a variety of property types on a national scale, covering the scope of Canadian markets: Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal, Halifax and St. John’s. Within these markets, the Guide provides current analysis, unit rates, measurement and application of cost per square foot for a variety of building types.
Highlights of the 2013 Guide:
- Premium Outlets added in response to increased growth and activity in the retail sector;
- Observations related to Construction Cost Escalation with some degree of normalization generally with zero escalation in certain areas; and,
- Detailed data and descriptions including a breakdown of costs by 13 different building types.
“There are a number of dynamic factors at play in the current market, particularly economic recovery in the U.S., that will invariably impact construction costs in Canada,” said Naren Chande, Senior Executive Vice President, Cost Consulting and Project Management, Altus Group. “Accordingly, it’s even more imperative to have a detailed construction estimate prepared and assessed in order to obtain an accurate projection of project construction costs.”
To request a copy of the Guide, please call 416.641.9500 or email firstname.lastname@example.org. To obtain an electronic version, please visit https://www.altusgroup.com/research/construction-cost-guide.aspx.
About Altus Group’s Cost Consulting and Project Management
A trusted source of cost consulting and project management expertise, capital cost analysis and market information for over 50 years, Altus’ Cost Consulting team is a leading provider of market intelligence, allowing clients to make sound investment and development decisions, and manage and control development costs. Comprehensive, proprietary databases ensure access to accurate, time-sensitive information on a range of public and private projects that span the entire property and construction life cycle. A seasoned team of professionals specializing in service areas that include cost monitoring, cost planning and control, scheduling and claims, P3, infrastructure, telecommunications and development management, combine deep local understanding with global reach, offering the fundamentals on construction costs and trends to a broad customer base. For further information, please visit Cost & Project management.
About Altus Group Limited
Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization’s assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 50 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting, Geomatics and ARGUS Software. Clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.
Camilla BartosiewiczBartosiewicztoronto-hqVice President, Investor Relations