Figure 1: Construction Costs vs. Metal Prices
Source: Engineering News Record, BLS, CBRE Research; 2018.
Steel Pricing and Construction Costs:
Figure 2: Producer Price Index by Commodity: Iron & Steel
Source: BLS, CBRE Research, 2018.
Figure 3: Price Comparison by Region of Origin, Hot-Rolled Band Steel
Source: Steel Benchmarker, CBRE Research, 2018.
Potential Implications for Commercial Real Estate:
Economic Impact of Steel Tariffs:
CBRE will continue to monitor and update our clients on the impact of the tariffs on the commercial real estate industry. Please reach out to any of the professionals listed below if you would like to discuss the subject further.