North America Industrial Construction Cost Guide 2023

SEGMENT COST COMPOSITION BY MARKET (LARGE PROJECTS)

0% 20% 40% 60% 80% 100%

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

Los Angeles Greensboro Greenville Orange Co. Charlotte Miami Inland Empire Cleveland Indianapolis Chicago Atlanta Columbus Minneapolis Cincinnati Milwaukee Pitt Louisville St. Louis Detroit Kansas City Nashville NJ Phily Baltimore Penn Corridor Memphis

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

Source: Cushman & Wakefield Project & Development Services

19

CUSHMAN & WAKEFIELD