Copper costs are climbing. Labor remains tight. And demand for AI-driven infrastructure is reshaping the supply chain. How have tariffs affected costs?
Our latest Procurement Update breaks down what’s driving these shifts—from copper shortages to rising demand for electrical and HVAC systems across data centers, healthcare, and mission critical projects. Discover how these changes are impacting our industry.

The construction industry is at an interesting inflection point. Tariffs and fluctuating energy prices are beginning to reshape how projects are planned and executed. While some developers are pausing to reconsider projects amid escalating costs, others see opportunity in the shifting landscape.

With positive trends emerging during 2023 in tenant interior projects across the nation and the supply chain slowly returning to pre-pandemic normalcy, predicting the median costs of a construction project remain a top priority. Our experts have analyzed real-time data from our own projects to help pinpoint trends in various markets and help look ahead at the future. Read more of these real-time findings in our July 2023 Construction Cost Report.

The good news? Commercial leases are back on the rise, and the data center and industrial sectors are going strong. The not-as-good news? That means certain materials will continue to have long lead times. Learn more about the state of the global supply chain in our September Supply Chain report.

With positive trends emerging during 2023 in tenant interior projects across the nation and the supply chain slowly returning to pre-pandemic normalcy, predicting the median costs of a construction project remain a top priority. Our experts have analyzed real-time data from our own projects to help pinpoint trends in various markets and help look ahead at the future. Read more of these real-time findings in our July 2023 Construction Cost Report.