Milwaukee’s non‑residential construction costs have risen notably in 2025, with year‑over‑year increases exceeding the national average. In Q1 2025, costs climbed approximately 4.3%, compared to a national average of around 3.9%—a trend driven largely by rising material prices and tariff‑related volatility. While material availability and labor supply remain relatively stable, the elevated cost environment underscores the need for proactive budgeting and supply‑chain risk management.
In contrast, late 2024 saw a brief period of stabilization: non‑residential costs in Milwaukee dipped slightly in Q4 2024, even as trade‑partner work costs rose modestly. Overall, 2024 ended with a moderate increase in construction spending, setting the stage for renewed upward pressure in 2025.
Trade labor, journeyman, and subcontractor rates in Milwaukee have continued to rise, reflecting broader regional and national wage pressures. While labor availability remains steady, wage growth—particularly for specialized trades—has contributed to upward cost pressure.
Equipment rental rates (daily, weekly, monthly) in Milwaukee are influenced by demand cycles, project scale, and availability. While specific rates vary, contractors should anticipate moderate increases tied to market tightness and logistical factors.
Milwaukee’s construction market remains active, with significant projects—including mass timber high‑rises and convention center expansions—shaping demand. While interest rate and inflation pressures persist, the outlook for non‑residential construction remains cautiously optimistic, with steady activity expected through late 2025.
