North America Industrial Construction Cost Guide 2023

LOCALMARKETDATA

HOUSTON

GREENVILLE

Medium Large

Medium Large

$14.24

$15.27

$16.54

$14.79

Site Work

Site Work

$49.05

$45.82

$43.27

$38.31

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$3.49

$5.81

$5.35

$6.98

Base Bldg Architectural

Base Bldg Architectural

$6.22

$5.67

$7.07

$6.81

Base Bldg MEP

Base Bldg MEP

$4.05

$3.48

$7.67

$6.77

GC's and GR's & Fee

GC's and GR's & Fee

$7.38

$7.32

$7.48

$6.91

Contingency

Contingency

$84.33

$83.36

$87.39

$80.57

Total Cost

Total Cost

INLAND EMPIRE

INDIANAPOLIS

Medium Large

Medium Large

$11.04

$9.25

$17.47

$15.44

Site Work

Site Work

$42.98

$40.57

$37.35

$37.61

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$9.45

$10.91

$6.02

$6.78

Base Bldg Architectural

Base Bldg Architectural

$7.30

$6.10

$7.73

$8.01

Base Bldg MEP

Base Bldg MEP

$7.20

$5.99

$2.97

$2.11

GC's and GR's & Fee

GC's and GR's & Fee

$7.27

$6.79

$6.98

$6.88

Contingency

Contingency

$85.25

$79.62

$78.52

$76.83

Total Cost

Total Cost

LOS ANGELES

KANSAS CITY

Medium Large

Medium Large

$11.72

$9.84

$11.93

$11.41

Site Work

Site Work

$44.41

$41.70

$41.19

$37.34

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$10.25

$11.69

$4.72

$5.62

Base Bldg Architectural

Base Bldg Architectural

$7.81

$6.50

$6.54

$5.61

Base Bldg MEP

Base Bldg MEP

$7.42

$6.20

$5.09

$4.12

GC's and GR's & Fee

GC's and GR's & Fee

$7.61

$7.08

$6.68

$6.20

Contingency

Contingency

$89.22

$83.01

$76.15

$70.31

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

28 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023