North America Industrial Construction Cost Guide 2023

LOCALMARKETDATA

LOUISVILLE

MEMPHIS

Medium Large

Medium Large

$15.66

$12.76

$11.12

$10.54

Site Work

Site Work

$34.56

$33.79

$38.61

$35.21

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$4.77

$6.15

$4.68

$6.17

Base Bldg Architectural

Base Bldg Architectural

$8.92

$8.60

$5.22

$4.81

Base Bldg MEP

Base Bldg MEP

$4.78

$3.54

$6.30

$5.21

GC's and GR's & Fee

GC's and GR's & Fee

$6.58

$6.27

$6.23

$5.86

Contingency

Contingency

$75.27

$71.10

$72.15

$67.81

Total Cost

Total Cost

MIAMI

MILWAUKEE

Medium Large

Medium Large

$13.62

$13.02

$12.26

$11.72

Site Work

Site Work

$47.01

$42.62

$42.31

$38.36

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$5.38

$6.42

$4.84

$5.78

Base Bldg Architectural

Base Bldg Architectural

$7.46

$6.40

$6.71

$5.76

Base Bldg MEP

Base Bldg MEP

$5.81

$4.70

$5.23

$4.23

GC's and GR's & Fee

GC's and GR's & Fee

$7.63

$7.08

$6.87

$6.37

Contingency

Contingency

$86.91

$80.24

$78.22

$72.22

Total Cost

Total Cost

MINNEAPOLIS

NASHVILLE

Medium Large

Medium Large

$12.39

$11.84

$11.46

$10.87

Site Work

Site Work

$42.75

$38.76

$39.81

$36.30

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$4.90

$5.84

$4.82

$6.36

Base Bldg Architectural

Base Bldg Architectural

$6.78

$5.82

$5.38

$4.96

Base Bldg MEP

Base Bldg MEP

$5.28

$4.28

$6.49

$5.37

GC's and GR's & Fee

GC's and GR's & Fee

$6.94

$6.44

$6.43

$6.04

Contingency

Contingency

$79.04

$72.98

$74.38

$69.91

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