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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