JLL forecasts global construction tender prices to rise 3.1%-4.2% in 2027

By Public Technologies
  • JLL's Global Construction Costs Index 2026 identifies a permanently higher annual cost-growth baseline of 3% to 6%, versus 2% to 3% before 2020.
  • Global construction tender prices are forecast to rise 3.1% to 4.2% in 2027, further tightening development feasibility.
  • Construction wages rose 8% to 35% across key markets from 2020 to 2026, reflecting structural skilled-labor shortages.
  • Industrial logistics and data centers are absorbing higher construction costs through stronger value growth; office and retail face tighter investment returns.
  • Developers should continuously reassess project viability, secure long-lead materials early and favor retrofits where they outperform new construction.


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