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Industrial Warehouse Industrial

Industrial Construction Cost Guide


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
/Las Vegas 
/Salt Lake City 
/Las Vegas 
/Oakland, CA 
/Salt Lake City  


Most Affordable Industrial Construction Cost Markets in the Americas:  

Small Projects  Medium Projects Large Projects
/Mexico City 
/Costa Rica 
/Penn Corridor 
  • 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.
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    Connect with the Authors

    Brian Ungles St. Louis Project & Development Services
    Brian Ungles

    President, Project & Development Services
    St. Louis, United States

    +1 (314) 392-2625

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    Richard Jantz New York
    Richard Jantz

    Executive Managing Director
    New York, United States

    +1 (917) 7473754

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    Sandy Romero New York Research
    Sandy Romero

    Research Manager, Global Research
    New York, United States

    +1 (212) 713-6970

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    David C Smith (image)
    David Smith

    Head of Americas Insights, Global Research
    Atlanta, United States

    +1 (404) 853-5310

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    Ethan Tribble
    Ethan Tribble

    Research Analyst, Global Research
    Houston, United States

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