I'm trying to get smarter on replacement cost for small bay industrial — specifically concrete, sub-10K SF units, in infill, established MSAs. Every conversation seems to produce a different number and I'm curious whether anyone out there is actually making institutional-quality product pencil at today's construction costs in supply-constrained infill locations — and if so, how. If you have a development budget you're comfortable sharing (even anonymized), I'd genuinely love to see how the sources & uses stack up and try and understand the underwriting. Trying to build a better framework for evaluating replacement cost vs. acquisition pricing.

Good to see this topic come up here recently. In our work, we primarily construct with steel (welded and bolted), but I've also incorporated wood with the steel on many occasions. Sometimes in the exterior walls, sometimes interior or even the sheathing. But steel studs in your interior often make more sense for a few reasons: 1) One of our main erecting crews is proficient in steel stud framing as well. This allows us to move fast, price efficiently, and minimize sub coordination. 2) Termites are a problem in the south. Yes, you can treat for it, both chemically and with steel mesh around pipe fittings in the foundation, but termites don't eat metal. 3) While an isolated steel stud has no "fire rating" per se, they are non-combustible. That's a plus in many cases. 4) Sifting through #1, #2, and #3 studs can result in warpage, mismatched quality, etc. Steel studs have different gauges, but uniform quality which helps on larger jobs. Just a few thoughts to think about when demising with steel or framing out offices, etc.

I know there’s a lot of limitations with cold form (span restrictions, load limits) compared to red iron, but has anyone used it? We are developing in DFW so snow isn’t that much of an issue and we are targeting smaller unit sizes anyway. In all likelihood I wouldn’t go this route, but wanted to get other opinions.

We ran a poll, and monthly won clearly over weekly - so let's make it happen. The format: A 45-60 min call built entirely around meeting people, not listening to a presentation. We'll break into rooms of 3-4 for 15-minute rounds, rotating 3-4 times - so by the end you'll have actually talked to 6-10 people in the community.. No prep needed. Show up, introduce yourself, talk shop, repeat. Now the hard part: picking a day and time that works. We're spread across time zones and schedules, so rather than guess, help me find the best fit. Rather than run another poll with a long list of days and times, drop a comment with your best day/time (and time zone) - e.g. 'Tuesday evenings, ET' or 'Weekend mornings, CT.'" I will leave this open for 7 days and then try to find a day and time that works for as many people as possible.

Hello everyone. Look forward to engaging and learning with the group. We have built and owned many flex/industrial buildings but have our first true small bay project about to start moving dirt.