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US Construction Costs Rise After Tariffs

But it's still not certain if this will have more than a short-term impact.

chi-RidgePort (2) RidgePort Logistics Center in Wilmington, IL. Ridge Property Trust recently developed a 1.5M square foot building here, the largest new project in the Chicago region.

CHICAGO—Any company running a new distribution center faces a host of factors that have combined to push up costs. Recruiting enough labor to staff up warehouses and distribution facilities, for example, has become a challenge for operators. But even before getting to that point, developers now have to deal with rising construction costs, and it’s not clear whether this will eventually begin to moderate the pace of new projects in a today’s robust environment.

The construction industry began running low on skilled labor once the recession ended and construction boomed in many sectors. But recent moves by the Trump administration will likely add to the woes of many builders.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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