Given their highly concentrated materials mix, industrial construction costs spiked more in the past year or so than other commercial types according to CBRE's Warehouse and Distribution Construction Cost Trends 2023-2024.

Steel, and carpentry as well as concrete and precast/tilt comprise more than half of the shell cost and each had higher price spikes, along with roofing costs.

CBRE reported that certain categories appear to be moderating on the horizon, but sentiment is mixed.

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