Industrial warehouse construction costs in the U.S. from Q4 2021 to Q1 2023, by city
In the first quarter of 2023, one of the U.S. cities with the most expensive average construction cost for industrial warehouses was Portland. Constructing a warehouse in that city was over 222.5 U.S. dollars per square foot. It was closely followed by San Francisco, where the average cost per square foot was also over 200 U.S. dollars. Meanwhile, Las Vegas and Phoenix were the least expensive cities to build warehouses, with a cost of 100 U.S. dollars per square foot or less. The most expensive U.S. cities to construct residential buildings tend to be the same as the ones with the highest cost for industrial warehouse construction.
