Annual rent per sf for industrial real estate in the largest U.S. markets Q4 2022

Published by Statista Research Department, Apr 20, 2023
Among the 30 markets with the largest industrial and logistics real estate inventory in the United States, Los Angeles, CA, had the highest rental rates in the fourth quarter of 2022. The square footage rent of industrial and logistics properties was 20.13 U.S. dollars. In the largest market, Chicago, IL, rents were significantly lower at 6.62 U.S. dollars.

Annual average asking rent per square foot for industrial and logistics real estate in the United States in Q4 2022, by market (in U.S. dollars)

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Release date

January 2023

Region

United States

Survey time period

Q4 2022

Supplementary notes

The source adds that rents have been weighted by the amount of available direct and sublease space. Rental rates are for triple net lease (NNN), in which the tenants pay additional expenses to the landlord, such as property taxes, insurance and common area maintenance.

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