An essential tool to guide capital expense decisions for industrial real estate
Cushman & Wakefield’s Industrial Construction Cost Guide provides an indication of the construction costs in the industrial sector for 43 key cities in the United States, Canada and Mexico. The Guide, compiled by our Project & Development Services team, gives insight into the factors driving the industrial real estate market, and gives insight for capital planning.
While the North American industrial sector faces the challenges of rising costs, material shortages and labor shortages, demand for industrial space remains strong. The sector may face a potential cooling down in the long term, but the construction pipeline is expected to remain robust, with a focus on modern, efficient facilities that can meet the needs of a changing market.
Highlights of the report:
- Strong demand for industrial properties driven by e-commerce
- Competition for materials and inflationary pressures driving construction costs higher