North America Industrial Construction Cost Guide 2023

BREAKDOWN OF EXPENSES BY CATEGORY

Costs are broken out into six major categories: Site Work; Base Building Structural & Enclosure; Base Building Architectural; Base Building MEP; GC’s and GR’s & Fee; and Contingency

25%

24%

17%

Site work accounts for 17% of total costs across all markets and project size.

Across all markets and project sizes, the structural (slab on grade and structural framing system) is the largest category of fit-out costs, accounting for 25% of the total .

The second highest cost category is building enclosure (exterior wall, exterior panels, windows, roofing, exteriors doors, etc.) at 24% of total for both medium and large projects.

14 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023