Americas Industrial Construction Cost Guide 2024

INDUSTRIAL CONSTRUCTION COST GUIDE 2024

U.S. STRONGEST THREE-YEAR PERIODS OF NET ABSORPTION (MSF)

#1 1,313 MSF

600

500

400

#2 854 MSF

#4 721 MSF

#5 684 MSF

#3 838 MSF

300

200

100

0

1997

2017

2021

1998

2015

1999

2018

2016

2019

2014

2022

2023

2007

2005

2006

Source: Cushman & Wakefield Research

The U.S. industrial construction pipeline fell 40% YOY in the first quarter of 2024, with 405 msf under construction.

KEY TAKEAWAY

The industrial construction pipeline in the U.S. has begun to slow down as industrial fundamentals begin to soften.

11