The Truth About Healthcare Development Costs

Healthcare development has had a red-hot run, so things are about to get difficult... right? (Karma's a bi...builder's nightmare.)It seems like a good time for our Healthcare Expansion Summit next Thursday at the Philadelphia Marriott Downtown.Here's a preview:

We spoke with one of our event panelists, Turner Construction exec Greg Ryan. He tells us that cost escalation appears to be anon-issue. Nationally, construction costs in March were unchanged from February and increased only 0.9% since this time last year, he notes, and the regional picture looks very similar.

That said, construction companies dohave their eye on controlling costs through productivity gains and cost economies, Greg says. For its part, Turner is using Building Image Modeling (BIM), prefabrication of parts and building systems, and modular construction. For plenty more specifics, sign up for our event and we'll see you next Thursday.

Continue reading this story with a free account

Log in or register
Related Topics: Greg Ryan , Turner Construction
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders