2025 Industrial Construction Cost Guide

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles , the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

Contact RESEARCH Sandy Romero Research Manager Global Research sandy.romero@cushwake.com

Ethan Tribble Alternatives & Practice Groups Research Analyst ethan.tribble@cushwake.com

David Smith Head of Americas Insights Global Research david.smith4@cushwake.com

PROJECT & DEVELOPMENT SERVICES Brian Ungles Project & Development Services Americas Leader brian.ungles@cushwake.com

Richard Jantz Project & Development Services Tri-State Leader richard.jantz@cushwake.com

Jason D’Orlando North American Industrial Platform Lead Jason.dorlando@cushwake.com

REGIONAL PDS LEADS WESTERN REGION, MEXICO + LATIN AMERICA

Adrian Conforti adrian.conforti@cushwake.com NORTHEAST

Jody Russelle jody.russelle@ca.cushwake.com CANADA

Brian Jaffe brian.jaffe@cushwake.com

Richard Jantz richard.jantz@cushwake.com TRI-STATE

SOUTHEAST

MIDWEST

Rob Murphy rob.murphy@cushwake.com

Bill Starcevich bill.starcevich@cushwake.com

REGIONAL INDUSTRIAL PDS LEADS

Jason D’Orlando North American Industrial Platform Lead jason.dorlando@cushwake.com Kyle Griffith Texas Industrial Lead kyle.griffith@cushwake.com Melissa Sanchez Mexico Industrial Lead melissa.sanchez@cushwake.com

Jon Zimmerman U.S. Industrial Planning Lead jon.zimmerman@cushwake.com Michael Morehead East/Southeast Industrial Platform Lead michael.morehead@cushwake.com

John Corless Canada Industrial Lead john.corless@cushwake.com Bryan Dudek Midwest Industrial Platform Lead bryan.dudek@cushwake.com