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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.