Americas Industrial Construction Cost Guide 2024

LOCALMARKETDATA

PHOENIX

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$28.86

$46.64

$17.09

$40.98

$19.85

$36.08

Base Bldg Structural & Enclosure

$50.42

$32.45

$40.47

$28.83

$32.31

$26.97

Base Bldg Architectural

$14.13

$17.50

$18.29

$9.00

$22.19

$7.17

Base Bldg MEP

$8.99

$4.42

$4.75

$3.93

$4.46

$3.68

GC's and GR's & Fee

$6.65

$16.28

$2.81

$7.64

$2.62

$5.95

Contingency

$10.56

$11.18

$8.20

$8.59

$7.96

$7.59

Total Cost

$119.60

$128.47

$91.61

$98.97

$89.40

$87.43

PITTSBURGH

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$22.54

$27.00

$17.76

$19.80

$14.50

$18.00

Base Bldg Structural & Enclosure

$40.36

$45.56

$37.95

$29.90

$35.32

$27.05

Base Bldg Architectural

$19.77

$24.21

$6.12

$5.73

$6.37

$4.33

Base Bldg MEP

$8.84

$12.04

$7.85

$7.90

$7.53

$7.15

GC's and GR's & Fee

$10.43

$7.25

$3.02

$3.06

$1.98

$2.45

Contingency

$9.55

$12.74

$7.09

$7.29

$6.46

$6.47

Total Cost

$111.51

$128.79

$79.79

$73.68

$72.15

$65.46

PORTLAND

Small 2023

Small 2024

Medium 2023

Medium 2024

Large 2023

Large 2024

Site Work

$31.86

$24.67

$17.49

$20.55

$15.14

$19.78

Base Bldg Structural & Enclosure

$66.86

$15.84

$56.05

$14.68

$52.58

$14.96

Base Bldg Architectural

$14.23

$72.51

$6.14

$50.18

$8.12

$49.46

Base Bldg MEP

$7.52

$2.16

$6.89

$2.00

$6.23

$2.04

GC's and GR's & Fee

$18.27

$13.83

$9.01

$6.79

$7.57

$5.93

Contingency

$12.90

$12.37

$8.92

$9.03

$8.38

$8.84

Total Cost

$151.64

$141.38

$104.51

$103.22

$98.04

$101.01

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

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Cushman & Wakefield