North America Industrial Construction Cost Guide 2023
LOCALMARKETDATA
ATLANTA
BALTIMORE
Medium Large
Medium Large
$12.18
$11.55
$16.91
$13.81
Site Work
Site Work
$42.30
$38.57
$36.14
$33.64
Base Bldg Structural & Enclosure
Base Bldg Structural & Enclosure
$5.12
$6.76
$5.83
$6.07
Base Bldg Architectural
Base Bldg Architectural
$5.71
$5.27
$7.48
$7.17
Base Bldg MEP
Base Bldg MEP
$6.90
$5.71
$2.88
$1.88
GC's and GR's & Fee
GC's and GR's & Fee
$6.83
$6.42
$6.76
$6.15
Contingency
Contingency
$79.03
$74.27
$75.99
$68.72
Total Cost
Total Cost
CENTRAL VALLEY, CA
CHARLOTTE
Medium Large
Medium Large
$12.59
$10.69
$16.77
$15.02
Site Work
Site Work
$53.34
$50.49
$42.47
$37.88
Base Bldg Structural & Enclosure
Base Bldg Structural & Enclosure
$5.01
$6.27
$5.35
$6.98
Base Bldg Architectural
Base Bldg Architectural
$6.45
$5.20
$7.07
$6.76
Base Bldg MEP
Base Bldg MEP
$8.53
$7.07
$7.59
$6.79
GC's and GR's & Fee
GC's and GR's & Fee
$7.96
$7.38
$7.39
$6.87
Contingency
Contingency
$93.88
$87.10
$86.63
$80.31
Total Cost
Total Cost
CHICAGO
CINCINNATI
Medium Large
Medium Large
$12.97
$12.40
$15.98
$13.03
Site Work
Site Work
$44.77
$40.59
$35.27
$34.48
Base Bldg Structural & Enclosure
Base Bldg Structural & Enclosure
$5.13
$6.11
$4.87
$6.27
Base Bldg Architectural
Base Bldg Architectural
$7.10
$6.10
$9.10
$8.78
Base Bldg MEP
Base Bldg MEP
$5.53
$4.48
$4.88
$3.61
GC's and GR's & Fee
GC's and GR's & Fee
$7.27
$6.74
$6.71
$6.40
Contingency
Contingency
$82.77
$76.42
$76.81
$72.55
Total Cost
Total Cost
NOTES: 1. Medium (476,400 RSF) 2. Large (901,000 RSF) 3. All costs in USD; conversions made using 2022 rates
26 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023
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