ARLINGTON, Va. -- Food retailers faced significant construction cost increases in 2005, according to a study released Friday by Food Marketing Institute here. The average supermarket cost $6.5 million to build in 2005, or $146.70 per square foot, vs. $5.5 million in 2004, or $124.86 per square foot, an increase of 17% on a square-foot basis, the report said. The study, “Facts About Store Development 2006,” said the costs of asphalt, steel and electrical construction were all up by more than ...
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