North America Industrial Construction Cost Guide 2023
LOCALMARKETDATA
CALGARY
MONTREAL
Medium Large
Medium Large
$16.79
$18.88
$14.24
$13.35
Site Work
Site Work
$47.80
$43.13
$41.95
$39.09
Base Bldg Structural & Enclosure
Base Bldg Structural & Enclosure
$6.08
$6.66
$8.24
$9.28
Base Bldg Architectural
Base Bldg Architectural
$15.19
$15.19
$7.97
$8.34
Base Bldg MEP
Base Bldg MEP
$6.18
$5.39
$16.45
$15.10
GC's and GR's & Fee
GC's and GR's & Fee
$8.85
$8.58
$7.85
$7.50
Contingency
Contingency
$100.88
$97.84
$96.69
$92.67
Total Cost
Total Cost
TORONTO
VANCOUVER
Medium Large
Medium Large
$15.72
$14.54
$14.21
$12.92
Site Work
Site Work
$42.20
$37.20
$41.18
$40.01
Base Bldg Structural & Enclosure
Base Bldg Structural & Enclosure
$5.31
$6.02
$8.20
$9.24
Base Bldg Architectural
Base Bldg Architectural
$6.31
$5.54
$7.97
$8.34
Base Bldg MEP
Base Bldg MEP
$3.72
$2.94
$13.54
$13.13
GC's and GR's & Fee
GC's and GR's & Fee
$7.15
$6.49
$7.47
$7.35
Contingency
Contingency
$80.41
$72.74
$92.58
$90.99
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
32 NORTH AMERICA INDUSTRIAL CONSTRUCTION COST GUIDE 2023
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