2025 Industrial Construction Cost Guide

Large projects (901,000 rsf): all markets

$120

$100

$80

$60

$40 Cost PSF

$20

$0

Reno

Miami

Dallas

Detroit

Seattle

Denver

Atlanta

Calgary

Toronto

Phoenix

St. Louis

Chicago

Houston

Portland

Montreal

Nashville

Memphis

Louisville

Charlotte

Baltimore

Cleveland Philadelphia

Cincinnati

Las Vegas

San Diego

Monterrey

Milwaukee

Pittsburgh

Costa Rica

Vancouver

NewJersey

Mexico City Salt Lake City

Kansas City

Minneapolis

Guadalajara

Indianapolis

Los Angeles

Oakland, CA

Greenville, SC

Inland Empire

Penn Corridor

Columbus, OH

Greensboro, NC

Central Valley, CA

Northeast US Orange County, CA

EasternUS

Midwest US

Southeast US

Southwest US WesternUS

Canada LATAM

Source: Cushman & Wakefield Project & Development Services

2025 Industrial Construction Cost Guide 25