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