Americas Industrial Construction Cost Guide 2024

INDUSTRIAL CONSTRUCTION COST GUIDE 2024

LOCALMARKETDATA

CHARLOTTE

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$25.66

$24.95

$16.77

$13.34

$15.02

$11.77

Base Bldg Structural & Enclosure

$51.01

$45.70

$42.47

$34.58

$37.88

$28.51

Base Bldg Architectural

$10.35

$53.38

$5.35

$17.23

$6.98

$15.75

Base Bldg MEP

$8.16

$9.10

$7.07

$6.88

$6.76

$5.67

GC's and GR's & Fee

$11.71

$13.17

$7.59

$6.48

$6.79

$5.20

Contingency

$10.01

$12.56

$7.39

$7.10

$6.87

$5.98

Total Cost

$116.90

$158.87

$86.63

$85.62

$80.31

$72.88

CHICAGO

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$24.51

$24.13

$12.97

$12.90

$12.40

$11.38

Base Bldg Structural & Enclosure

$54.45

$44.61

$44.77

$33.75

$40.59

$27.83

Base Bldg Architectural

$9.81

$24.50

$5.13

$9.60

$6.11

$8.38

Base Bldg MEP

$12.86

$8.37

$7.10

$6.33

$6.10

$5.22

GC's and GR's & Fee

$11.95

$11.81

$5.53

$5.84

$4.48

$4.69

Contingency

$10.84

$10.90

$7.27

$6.56

$6.74

$5.51

Total Cost

$124.41

$124.31

$82.77

$75.00

$76.42

$63.01

CINCINNATI

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$20.92

$41.91

$15.98

$14.72

$13.03

$13.35

Base Bldg Structural & Enclosure

$39.84

$40.42

$35.27

$30.59

$34.48

$25.21

Base Bldg Architectural

$10.12

$41.58

$4.87

$13.66

$6.27

$14.69

Base Bldg MEP

$10.69

$11.40

$9.10

$8.63

$8.78

$7.11

GC's and GR's & Fee

$11.01

$12.10

$4.88

$5.96

$3.61

$4.85

Contingency

$8.59

$14.31

$6.71

$7.08

$6.40

$6.29

Total Cost

$101.16

$161.72

$76.81

$80.63

$72.55

$71.50

All costs in USD; conversions made using 2023 Q4 rates.

35