North America Industrial Construction Cost Guide 2023

SEGMENT COST COMPOSITION BY MARKET (MEDIUM PROJECTS) 0% 20% 40% 60%

80% 100%

Portland San Diego Seattle Oakland Central Valley, CA Denver Phoenix Salt Lake

Los Angeles Greensboro Greenville Houston Miami Charlotte Orange Co. Dallas Inland Empire Chicago Cleveland Pittsburgh Minneapolis Atlanta New Jersey Philadelphia Indianapolis Columbus Milwaukee Penn Corridor St. Louis Cincinnati Detroit Kansas City

Site Work Base Bldg Structural & Enclosure Base Building Architectural Base Bldg MEP GC’s and GR’s & Fee Contingency

Baltimore Louisville Nashville Memphis

Source: Cushman & Wakefield Project & Development Services

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CUSHMAN & WAKEFIELD