1:200

20 20
1:200

1:200
Construction Costs
0

0 0
19 19

Sydney July 2022

2m2m
18 18

JULY 2022

4 4
BUILDING COSTS FOR THE SYDNEY MARKET
EXCL GST
17 17

Commercial Offices Range

6 6
Over 20 storey offices - premium grade CBD facilities per sqm $4,800 $7,000
and finishes with lifts, air conditioning, and sprinklers
Over 20 storey offices - “A” grade CBD facilities and per sqm $4,400 $5,750
16 16

finishes with lifts, air conditioning, and sprinklers

8 8
Up to 20 storey offices - medium grade facilities and per sqm $3,400 $4,350
finishes with lifts, air conditioning, and sprinklers
15 15

 p to 8 storey offices - medium grade facilities and

U per sqm $2,450 $3,400
finishes with lifts, air conditioning, and sprinklers

10 10
Up to 2 storey offices - medium grade facilities and per sqm $1,800 $2,400
finishes with air conditioning, no lift and no sprinklers
14 14

Retail

12 12
Regional shopping complex - high standard including per sqm $2,700 $3,350
major stores, specialty shops and enclosed malls
13 13

Suburban supermarkets with air conditioning, per sqm $2,250 $2,725

14 14
excluding fitout
Suburban department stores with air conditioning, per sqm $1,850 $2,775
excluding fitout
12 12

Suburban specialty shops - shell only per sqm $1,425 $2,225

16 16
Suburban enclosed mall area - medium standard per sqm $2,150 $3,100
with air conditioning
11 11

Bulky goods warehouse style retail with per sqm $1,400 $2,100 18 18
air conditioning excluding fitout
20

Residential
10 10

Single project home up to 250 sqm - medium standard, per sqm $1,375 $2,200
20 20

brick veneer, with normal site cost for flat site

2 storey townhouse - medium standard per sqm $2,020 $2,725
9 9

2 storey townhouse - high standard per sqm $2,200 $3,300

22 22

3 storey apartments - medium standard per sqm $2,150 $2,950

3 storey apartments - high standard, air conditioning per sqm $2,775 $3,700
8 8

Multi storey apartments - medium standard, lift per sqm $2,700 $4,550
24 24

Multi storey apartments - high standard, per sqm $3,700 $6,000

air conditioning, lift
Apartment balconies per sqm $940 $1,950
7 7

26 26

Industrial
Up to 10m high warehouse - basic standard, per sqm $800 $1,125
6 6

metal clad walls, no sprinklers (up to 3,000 sqm)

28 28

Up to 10m high warehouse - basic standard, per sqm $820 $1,100

metal clad walls, sprinklers (over 3,000 sqm)
Up to 10m high warehouse - medium standard, per sqm $975 $1,350
5 5

precast walls, no sprinklers (up to 3,000 sqm)

30 30

Up to 10m high warehouse - medium standard, per sqm $890 $1,175

precast walls, sprinklers (over 3,000 sqm)
Truck hardstand, 175 RC slab, drainage, linemarking per sqm $150 $250
4 4

32 32

Retirement & Aged Care

Residential aged care - 2 to 4 storeys, per sqm $2,850 $4,175
3 3

medium standard, lift, air conditioning

Serviced apartments - 2 to 4 storeys, per sqm $2,650 $4,050
medium standard, lift, air conditioning
Independent living units - single storey, per sqm $2,350 $3,450
2 2

medium standard, air conditioning

36 36
1m1m

38 38
0 0
1:100

1:100
40 40
1:100

0 1m 2 3 4 5 6 7 8 9
 100m

1:96
100m 1:96

1:96
100m

1:96
0
0
JULY 2022

00
BUILDING COSTS FOR THE SYDNEY MARKET
EXCL GST
Hotels Range

1m
1m1m
1 or 2 storey brick motel - medium standard, per sqm $2,350 $3,000
dining facilities, air conditioning, excluding fitout
90m
90m

Fitout to 1 or 2 storey motel - medium standard per rm $26,000 $39,000

90m

Multi storey 3 star hotel, restaurant, public areas, per sqm $4,175 $5,750

2
22
air conditioning, excluding fitout
Fitout to 3 star hotel per rm $38,000 $68,000
 ulti storey 5 star hotel, restaurants, public areas,
M per sqm $4,925 $6,950

3
air conditioning, excluding fitout

33
80m

Fitout to 5 star hotel per rm $65,000 $118,000

80m
80m

Car Parking

4
44
Open bitumen car parking, drainage, linemarking per sqm $100 $140
(30 sqm/car)
2 to 3 storey parking station, concrete structure, per sqm $750 $1,175
no lifts, no mechanical ventilation, no sprinklers

5
55
(30 - 35 sqm/car)
70m
70m

Multi storey parking station, concrete structure, lift, no per sqm $825 $1,300
70m

mechanical ventilation, no sprinklers (30 - 35 sqm/car)

6
 nderground, below offices, concrete structure,
U per sqm $1,600 $2,280

66
sprinklers (35 - 40 sqm/car)

Regional Variations - Major Cities

7
77
60m
60m
60m

It must be stressed that the

information on this datacard
85 - 100%

8
95 - 110%
represents a guide to a range
88
of indicative construction costs 85 - 95%
for gross building areas, based
100m

within Sydney.
9
99

This guide is for use in initial

50m
50m

broad feasibilities only and we

50m

recommend that you contact 100%

your nearest Napier & Blakeley
10

80 - 90%
1010

office to ensure accurate project 80 - 90%

85 - 95%
95 - 105%
specific costings.
90 - 110%
11
1111
40m

Please contact your nearest Napier & Blakeley office to obtain datacards based
40m

on Melbourne, Adelaide, South East QLD and Perth construction costs.

40m

12
1212

SYDNEY t. +61 2 9299 1899 MELBOURNE t. +61 3 9915 6300

BRISBANE t. +61 7 3221 8255 ADELAIDE t. +61 8 8274 3760
PERTH t. +61 8 6244 1877 SINGAPORE t. +65 6550 9642
13
30m

EMAIL info@napierblakeley.com
1313
30m
30m

14

» Quantity Surveying
1414

» Financier’s Project Certifying

» Client Representation
15
20m

» Cost Planning & Management

1515
20m
20m

» Technical Due Diligence

» Capital Expenditure Planning
16
1616

» Property Depreciation Allowances

» Insurance Reinstatement Costs
» Sustainable Property Solutions
10m

17
10m

1717

» Make Good & Dilapidation Schedules

10m

18
1818

napierblakeley.com
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