North America Industrial Construction Cost Guide 2023

LOCALMARKETDATA

NEW JERSEY

OAKLAND

Medium Large

Medium Large

$17.49

$13.97

$13.45

$11.42

Site Work

Site Work

$37.37

$34.02

$57.21

$54.12

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$6.02

$6.14

$5.09

$6.33

Base Bldg Architectural

Base Bldg Architectural

$7.73

$7.25

$6.90

$5.49

Base Bldg MEP

Base Bldg MEP

$2.97

$1.90

$8.95

$7.42

GC's and GR's & Fee

GC's and GR's & Fee

$6.99

$6.22

$8.48

$7.85

Contingency

Contingency

$78.57

$69.49

$100.08

$92.64

Total Cost

Total Cost

ORANGE COUNTY

PENN CORRIDOR

Medium Large

Medium Large

$11.38

$9.55

$17.22

$13.67

Site Work

Site Work

$43.46

$40.81

$36.79

$33.28

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$9.65

$11.10

$5.93

$6.00

Base Bldg Architectural

Base Bldg Architectural

$7.39

$6.18

$7.61

$7.09

Base Bldg MEP

Base Bldg MEP

$7.27

$6.06

$2.93

$1.86

GC's and GR's & Fee

GC's and GR's & Fee

$7.38

$6.87

$6.88

$6.09

Contingency

Contingency

$86.54

$80.57

$77.36

$67.99

Total Cost

Total Cost

PHILADELPHIA

PHOENIX

Medium Large

Medium Large

$17.49

$13.97

$17.09

$19.85

Site Work

Site Work

$37.37

$34.02

$40.47

$32.31

Base Bldg Structural & Enclosure

Base Bldg Structural & Enclosure

$6.02

$6.14

$18.29

$22.19

Base Bldg Architectural

Base Bldg Architectural

$7.73

$7.25

$4.75

$4.46

Base Bldg MEP

Base Bldg MEP

$2.97

$1.90

$2.81

$2.62

GC's and GR's & Fee

GC's and GR's & Fee

$6.99

$6.22

$8.20

$7.96

Contingency

Contingency

$78.57

$69.49

$91.61

$89.40

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

30 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023