North America Industrial Construction Cost Guide 2023

COSTSBYSEGMENT ANDMARKET Canada (USD) MEDIUM PROJECTS (476,400 RSF)

SEGMENT COST BY MARKET

$0

$20 $40 $60 $80 $100 $120

Calgary

Montreal

Vancouver

Toronto

SEGMENT COST COMPOSITION BY MARKET

0%

20%

40%

60%

80% 100%

Calgary

Montreal

Vancouver

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

Toronto

Source: Cushman & Wakefield Project & Development Services

20 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023