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December 19, 2025

Report: Seattle construction costs holding relatively steady

  • Mortenson's Q3 Construction Cost Index found Seattle's costs up 0.9% this quarter, compared with a nationwide jump of 1.2%.
    • By SHAWNA GAMACHE
    Associate Editor

    Images courtesy of Mortenson [enlarge]
    Mortenson’s $1.3B Swedish North Tower (left) is one of Seattle’s biggest projects under construction. Jenkins said healthcare will remain a strong market despite funding pressure.

    Following the release of Mortenson Construction's report last month, the DJC caught up with Nate Jenkins, Mortenson's director of Business Development, to get his view on Seattle's moderating costs and middling private starts. From the region's reliable supply chain to local subs cutting margins, Jenkins gives a closer look at what's happening here — and where we might see growth in 2026.


     
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