North America Industrial Construction Cost Guide 2023

LOCALMARKETDATA

CLEVELAND

COLUMBUS

Medium Large

Medium Large

$16.94

$13.81

$16.30

$13.29

Site Work

Site Work

$37.38

$36.55

$35.97

$35.17

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$5.16

$6.65

$4.97

$6.40

Base Bldg Architectural

Base Bldg Architectural

$9.65

$9.30

$9.28

$8.95

Base Bldg MEP

Base Bldg MEP

$5.17

$3.83

$4.97

$3.68

GC's and GR's & Fee

GC's and GR's & Fee

$7.11

$6.78

$6.84

$6.52

Contingency

Contingency

$81.41

$76.91

$78.34

$74.01

Total Cost

Total Cost

DALLAS

DENVER

Medium Large

Medium Large

$14.48

$15.53

$17.09

$19.85

Site Work

Site Work

$49.80

$46.61

$40.47

$32.31

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$3.55

$5.91

$18.29

$22.19

Base Bldg Architectural

Base Bldg Architectural

$6.33

$5.76

$4.75

$4.46

Base Bldg MEP

Base Bldg MEP

$4.12

$3.54

$2.81

$2.62

GC's and GR's & Fee

GC's and GR's & Fee

$7.50

$7.44

$8.20

$7.96

Contingency

Contingency

$85.79

$84.80

$91.61

$89.40

Total Cost

Total Cost

DETROIT

GREENSBORO

Medium Large

Medium Large

$11.93

$11.41

$17.06

$15.21

Site Work

Site Work

$41.19

$37.34

$43.15

$38.06

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$4.72

$5.62

$5.35

$6.98

Base Bldg Architectural

Base Bldg Architectural

$6.54

$5.61

$7.07

$6.76

Base Bldg MEP

Base Bldg MEP

$5.09

$4.12

$7.64

$6.73

GC's and GR's & Fee

GC's and GR's & Fee

$6.68

$6.20

$7.50

$6.90

Contingency

Contingency

$76.15

$70.31

$87.78

$80.64

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

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CUSHMAN & WAKEFIELD