London, New York, Hong Kong are the most expensive cities in new International Construction Cost Index - Archinect

New York City is the world's second most expensive city to build in. Shown here: Hudson Yards under construction.

The latest International Construction Cost Index has just been released, and the top spots don't really come as a big surprise: London, New York, Hong Kong, Geneva, and San Francisco are the planet's most expensive cities for construction.

Compiled by design and consultancy organization Arcadis, the 2020 ICC Index surveyed construction costs, market conditions, and expert opinions in 100 large cities across six continents.

The top ten most expensive cities are:

1. London
2. New York
3. Hong Kong
4. Geneva
5. San Francisco
6. Copenhagen
7. Tokyo
8. Zurich
9. Dublin
10. Edinburgh

The ten cheapest surveyed cities are:

91. Hangzhou
92. Bangkok
93. Chengdu
94. Guangzhou
95. Wuhan
96. Shenzhen
97. Kuala Lumpur
98. Mumbai
99. New Delhi
100. Bengaluru

Arcadis 2020 International Construction Cost Index (Source)

The report also highlighted emerging industry trends associated with climate change, such as sustainable construction, decarbonization, climate resilience, and emission reduction goals.

New this year was the inclusion of predictions of how the global COVID-19 pandemic will impact the construction industry and require new public health resilience models.