Surprise! NYC remains most expensive place to build in world:

Though construction spending cooled slightly last year, New York City remains the most expensive place to build in the world with an average cost of $362 per square foot. That’s a 3.5 percent year-over-year increase, and another 3.5 percent hike is expected in 2018, according to Turner & Townsend’s 2018 International Construction Market Survey.

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Source: The Real Deal