September 19, 2005—Whitestone Research has released the ninth edition of the Whitestone Building Maintenance and Repair Cost Reference, 2005 – 2006. This year’s edition includes detailed maintenance and repair cost statistics for 200 US metropolitan areas and 10 Canadian cities.
The average M&R cost per square foot ranged from $3.66 in New York City to $1.20 in Beaufort, South Carolina. In Washington DC, the benchmark city for Whitestone’s Building M&R Cost Reference, the cost increased by 4.7% over the past year. The overall M&R costs for the 200 US cities increased by 5.2% in 2004.
The top five most expensive cities for facility maintenance and repair costs, in order from most expensive down, are New York, New York; Yonkers, New York; San Francisco, California; Trenton, New Jersey; and San Jose, California.
Whitestone Research, with headquarters in Santa Barbara, California, specializes in applied economic research and software development. Whitestone products and services are used every year by hundreds of major corporations, government agencies, and public and private institutions.
For more information, and the complete list, visit the Web site.
