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