Average construction costs of industrial warehouses in the United States in 1st quarter 2026, by city (in U.S. dollars per square foot)

In the first quarter of 2026, Portland was one of the U.S. cities with the most expensive average construction cost for industrial warehouses. Constructing a warehouse in that city could have a cost that ranged between *** and *** U.S. dollars per square foot. It was followed by Honolulu and Seattle, although at some distance. Meanwhile, Dallas and Austin were the least expensive cities to build warehouses. The most expensive U.S. cities to construct residential buildings were New York, Honolulu, and San Francisco.