Procurement Resource provides latest prices of Industrial Land. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Industrial Land for several regions around the globe, which are as follows:
The Land cost refers to all the expenses associated with the acquisition of the land, with or without property/buildings, by the company along with the cost needed to ready it for intended purpose. Companies may acquire land for several reasons, such as, for speculative purposes or as a part of its inventory. During the acquisition of a land, certain costs are ordinary and necessary and those must be assigned to Land. So Land purchase cost includes real estate commissions, legal fees, bank fees, title search fees, and array of similar expenses. This cost also includes site preparation expenditures such as grading and draining, or the amount required to rebuild an old structure. All these costs are necessary to get the land ready for its actual or intended use. Additional land improvement cost may also incur, which include the expenditures on areas like parking lots, landscaping, irrigation systems, lighting, drainage systems, utility lines and similar things.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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