Construction cost drivers

This article sets out a number of key factors that tend to influence the capital construction cost of Build to Rent projects in the UK (relating to a £/ft² rather than £/unit basis).   
 
The intention here is to provide an overview of key aspects that may be considered an influence to construction cost. Like all real estate development projects, the capital cost of construction for Build to Rent projects is a key area for developers and investors alike and should be considered in the context of market conditions, target customers, delivery models, exit strategy, risk exposure and returns.  
 
Specialist and specific advice should always be sought as every project is different, and factors and their impacts can vary significantly depending on the context involved.  
 
This content does not constitute advice and is intended only for information.