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Although high borrowing costs impacted global construction sectors in 2023, a number of markets stabilised with inflation easing, and there has been huge growth in investment in advanced manufacturing and technology sectors, including data centers, pharmaceutical facilities, gigafactories and wafer fabs. In this pivotal moment of recovery, demand for labour, materials and power means that productivity is now becoming an increasingly critical factor in investment decisions and project viability.

This report explores how asset owners and investors can navigate these challenges, and how organisations in the advanced manufacturing and technology sectors can assure the delivery of complex, end-date-critical programmes.

Here are five insights you need to know:

London overtakes Geneva as the most expensive place to build in our study of construction costs in 100 global cities.

UK and Ireland cities ranked highly with all sitting in the top 30.

While levels of inflation were moderate in the UK, specification enhancements related to building safety and sustainability have pushed prices up.

Rapid growth in investment into advanced manufacturing and technology sectors has meant owners must adapt their capabilities due to the increased risk of end-date-critical programmes.

Discover our additional cost index on highly serviced buildings, including data centres and manufacturing facilities, and analysis on high cost locations.

Thrive in resource-constrained markets

Gain insights from the International Construction Costs 2024

  • Annual cost index of 100 cities
  • Arcadis' expert analysis on global construction market trends
  • In-depth country analysis
  • Our step-by-step guide to assuring the delivery of fast, complex programmes

Unlock success in complex programs

Optimize Your Program Delivery Today

  • Gain insights to overcome market challenges
  • Enhance stakeholder management strategies
  • Expand global supply chain capabilities
  • Mitigate risks with data-driven decision-making

International Construction Costs Archive

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Christian Betts

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UK&I Cost and Commercial Management Service Line Lead – Places

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