Whitestone Research - Maintenance and Repair Costs in the US

SANTA BARBARA, CA - October 6, 2004 - Whitestone Research announced today the release of the ninth edition of the Whitestone Building Maintenance and Repair Cost Reference, 2004 - 2005. This year's edition includes detailed maintenance and repair cost statistics for 200 U.S. metropolitan areas and 10 Canadian cities.

The average M&R cost per square foot ranged from $3.39 in New York City to $1.17 in Beaufort, South Carolina. In Washington DC, the benchmark city for Whitestone's Building M&R Cost Reference, the cost increased by 1.45% over the past year. The overall M&R costs for the 200 U.S. cities increased by 1.8% in 2004.

2004 Ranking	City	Cost per Square Foot*
1	New York, NY	$3.39
2	Yonkers, NY	$3.05
3	San Francisco, CA	$2.96
4	San Jose, CA	$2.84
5	Philadelphia, PA	$2.80
6	Trenton, NJ	$2.78
7	Oakland, CA	$2.74
8	Stamford, CT	$2.72
9	Hilo, HI	$2.71
10	Honolulu, HI	$2.71
11	Jersey City, NJ	$2.70
12	Newark, NJ	$2.70
13	Atlantic Cityt, NJ	$2.65
14	Camden, NJ	$2.65
15	Boston, MA	$2.61
16	New Brunswick, NJ	$2.58
17	Lowell, MA	$2.55
18	Chicago, IL	$2.54
19	Norwalk, CT	$2.46
20	Danbury, CT	$2.44
21	Kansas City, MO	$2.42
22	Detroit, MI	$2.42
23	Minneapolis, MN	$2.41
24	Pittsburgh, PA	$2.39
25	Wilmington, DE	$2.38
26	Sacramento, CA	$2.37
27	Fairbanks, AK	$2.37
28	Juneau, AK	$2.36
29	Stockton, CA	$2.36
30	Los Angeles, CA	$2.36
31	St. Louis, MO	$2.35
32	New Haven, CT	$2.35
33	Anaheim, CA	$2.35
34	Norwich, CT	$2.35
35	Santa Barbara, CA	$2.34
36	Anchorage, AK	$2.34
37	Waterbury, CT	$2.33
38	Oxnard, CA	$2.33
39	Seattle, WA	$2.32
40	Hartford, CT	$2.30
41	Riverside, CA	$2.30
42	Rockford, IL	$2.29
43	Portland, OR	$2.28
44	Cleveland, OH	$2.28
45	Providence, RI	$2.28
46	Worcester, MA	$2.28
47	Salem, OR	$2.27
48	Brockton, MA	$2.26
49	Eugene, OR	$2.26
50	Las Vegas, NV	$2.26
51	Fall River, MA	$2.25
52	San Diego, CA	$2.24
53	Parkersburg, WV	$2.23
54	Gary, IN	$2.21
55	Milwaukee, WI	$2.21
56	Fresno, CA	$2.19
57	Toledo, OH	$2.19
58	Bakersfield, CA	$2.19
59	Buffalo, NY	$2.18
60	Olympia, WA	$2.17
61	Tacoma, WA	$2.17
62	Charleston, WV	$2.16
63	Springfield, IL	$2.16
64	Scranton, PA	$2.15
65	Medford, OR	$2.15
66	Duluth, MN	$2.14
67	Springfield, MA	$2.13
68	Reading, PA	$2.13
69	Washington DC	$2.13
70	Indianapolis, IN	$2.13
71	Columbus, OH	$2.12
72	Ann Arbor, MI	$2.12
73	Harrisburg, PA	$2.11
74	Akron, OH	$2.11
75	Baltimore, MD	$2.11
76	Rochester, MN	$2.10
77	Youngstown, OH	$2.09
78	Peoria, IL	$2.07
79	Springfield, OH	$2.06
80	Flint, MI	$2.06
81	Richland, WA	$2.06
82	Terre Haute, IN	$2.05
83	Lansing, MI	$2.05
84	Rochester, NY	$2.05
85	Davenport, IA	$2.05
86	Cincinnati, OH	$2.05
87	Moline, IL	$2.03
88	Erie, PA	$2.03
89	Kokomo, IN	$2.03
90	Madison, WI	$2.03
91	Dayton, OH	$2.02
92	Evansville, IN	$2.01
93	Carson City, NV	$2.00
94	Reno, NV	$2.00
95	Eau Claire, WI	$2.00
96	Albany, NY	$1.99
97	Louisville, KY	$1.97
98	Battle Creek, MI	$1.97
99	Denver, CO	$1.97
100	South Bend, IN	$1.96
101	Green Bay, WI	$1.96
102	Muncie, IN	$1.96
103	Saginaw, MI	$1.96
104	Syracuse, NY	$1.95
105	Atlanta, GA	$1.94
106	Cedar Rapids, IA	$1.94
107	Topeka, KS	$1.94
108	Des Moines, IA	$1.94
109	Spokane, WA	$1.94
110	Cumberland, MD	$1.92
111	Utica, NY	$1.92
112	Boulder, CO	$1.91
113	Pueblo, CO	$1.89
114	Colorado Springs, CO	$1.88
115	Omaha, NE	$1.88
116	Watertown, NY	$1.87
117	Springfield, MO	$1.86
118	Memphis, TN	$1.86
119	Kalamazoo, MI	$1.86
120	Bowling Green, KY	$1.85
121	Concord, NH	$1.84
122	Manchester, NH	$1.84
123	New Orleans, LA	$1.84
124	Owensboro, KY	$1.83
125	Boise, ID	$1.83
126	Marquette, MI	$1.83
127	Fort Lauderdale, FL	$1.82
128	Houston, TX	$1.81
129	Albuquerque, NM	$1.81
130	Miami, FL	$1.81
131	Daytona Beach, FL	$1.81
132	Phoenix, AZ	$1.80
133	Portland, ME	$1.79
134	Wichita, KS	$1.78
135	Sioux City, IA	$1.78
136	Nashville, TN	$1.78
137	Salt Lake City, UT	$1.75
138	Pocatello, ID	$1.75
139	Huntsville, AL	$1.74
140	Billings, MT	$1.74
141	Birmingham, AL	$1.73
142	San Antonio, TX	$1.73
143	Lewiston, ME	$1.73
144	Little Rock, AR	$1.73
145	Altus, OK	$1.73
146	Lawton, OK	$1.73
147	Austin, TX	$1.72
148	Ogden, UT	$1.72
149	Beaumont, TX	$1.72
150	Richmond, VA	$1.72
151	Toronto, ON	$1.72 ($2.23 CAN)*
152	Great Falls, MT	$1.72
153	Tucson, AZ	$1.70
154	Oklahoma City, OK	$1.70
155	Alamogordo, NM	$1.69
156	Las Cruces, NM	$1.69
157	Jacksonville, FL	$1.68
158	Dallas, TX	$1.67
159	Fargo, ND	$1.67
160	Hamilton, ON	$1.66 ($2.15 CAN)*
161	Shreveport, LA	$1.64
162	Norfolk, VA	$1.64
163	Fort Worth, TX	$1.64
164	Waco, TX	$1.63
165	London, ON	$1.63 ($2.12 CAN)*
166	Virginia Beach, VA	$1.63
167	Calgary, AB	$1.63 ($2.11 CAN)*
168	Burlington, VT	$1.61
169	Rutland, VT	$1.61
170	Knoxville, TN	$1.61
171	Edmonton, AB	$1.61 ($2.09 CAN)*
172	Fort Smith, AR	$1.61
173	Mobile, AL	$1.61
174	Biloxi, MS	$1.61
175	Lexington, KY	$1.61
176	Ottawa, ON	$1.60 ($2.08 CAN)*
177	Bismarck, ND	$1.59
178	Tampa, FL	$1.58
179	Newport News, VA	$1.58
180	Tuscaloosa, AL	$1.57
181	Wichita Falls, TX	$1.57
182	Orlando, FL	$1.57
183	Sioux Falls, SD	$1.57
184	Macon, GA	$1.56
185	Amarillo, TX	$1.55
186	Corpus Christi, TX	$1.54
187	Vancouver, BC	$1.53 ($1.98 CAN)*
188	Quebec, QC	$1.51 ($1.97 CAN)*
189	Grand Rapids, MI	$1.51
190	Hampton, VA	$1.51
191	El Paso, TX	$1.51
192	Montreal, QC	$1.50 ($1.94 CAN)*
193	Chattanooga, TN	$1.49
194	Tulsa, OK	$1.49
195	Savannah, GA	$1.47
196	Cheyenne, WY	$1.44
197	Lubbock, TX	$1.41
198	Rapid City, SD	$1.37
199	Columbus, GA	$1.36
200	Tallahassee, FL	$1.35
201	Roanoke, VA	$1.34
202	Raleigh-Durham, NC	$1.33
203	Winston-Salem, NC	$1.33
204	Charlotte, NC	$1.30
205	Greensboro, NC	$1.30
206	Jackson, MS	$1.30
207	Columbia, SC	$1.29
208	Winnipeg, MB	$1.28 ($1.67 CAN)*
209	Charleston, SC	$1.28
210	Beaufort, SC	$1.17

Source: Whitestone Research, 2004 Maintenance & Repair Cost

* M&R cost of a model 2 Story Office building over a 50-year period as per the data defined in the Whitestone Building Maintenance and Repair Cost Reference, 2004 – 2005. Canadian Prices are adjusted to the US Dollar using the September 15, 2004 source data from the Federal Reserve Bank of New York.

About Whitestone Research
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 additional information, send an email request to contact@whitestoneresearch.com or call (800) 210-0137.

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