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Industrial Warehouse Industrial

Industrial Construction Cost Guide

5/29/2024

An essential tool to guide capital expense decisions for industrial real estate

Cushman & Wakefield’s Americas Industrial Construction Cost Guide External Link provides industrial sector construction costs for 45 key cities in the U.S., Canada and Latin America. The guide, compiled by our Project & Development Services (PDS) team, offers insight into the factors driving the industrial real estate market which can affect capital planning and budgeting. 


Most Expensive Industrial Construction Cost Markets in the Americas:

Small Projects  Medium Projects Large Projects
/Seattle 
/Calgary 
/Vancouver 
/Toronto 
/Cleveland 
/Miami 
/Denver 
/Las Vegas 
/Portland 
/Phoenix 
/Salt Lake City 
/Seattle  
/Denver 
/Portland 
/Las Vegas 
/Oakland, CA 
/Phoenix 
/Salt Lake City  

 

Most Affordable Industrial Construction Cost Markets in the Americas:  

Small Projects  Medium Projects Large Projects
/Guadalajara 
/Mexico City 
/Monterrey 
/Costa Rica 
/Dallas 
/Houston 
/Memphis 
/Baltimore 
/Pittsburgh 
/Louisville 
/Penn Corridor 
/Chicago   
/Memphis 
/Chicago 
/Louisville 
/Baltimore 
/Milwaukee 
/Indianapolis   
CONSTRUCTION COST COMPARISONS
  • Pricing for small projects averaged $142 psf, a 17% increase over 2023 costs.  
  • Medium-sized projects averaged $85 psf, 2.1% higher than 2023.
  • Pricing for large-sized projects receded slightly, falling 4.2% from 2023 levels to $75 psf.
  • Download Cost Guide

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