US Warehouse Markets: Q1 2026 Asking Rents
This page lists Q1 2026 overall asking rents for markets operators often compare. The previous composite ranking (cost, labor, and infrastructure scores) was removed because those scores were not tied to a cited source.
Key Takeaways
- National overall asking rent: $10.20/sf/yr (Cushman & Wakefield, Q1 2026)
- On this page, the lowest listed asking rent is Memphis, TN at $4.36.
- Full table of every published metro: Warehouse Costs by City.
Asking rents, lowest to highest
| Market | Overall asking rent | Vacancy |
|---|---|---|
| Memphis, TN | $4.36 | 7.7% |
| Kansas City, MO | $5.75 | 5.9% |
| Indianapolis, IN | $6.15 | 7.2% |
| Columbus, OH | $6.34 | 5.2% |
| Atlanta, GA | $7.38 | 8.5% |
| Chicago, IL | $7.40 | 4.8% |
| Dallas/Ft. Worth, TX | $8.71 | 8.3% |
| PA I-81/I-78/I-81 S Distr. Corridor | $8.97 | 7.3% |
| Reno, NV | $9.77 | 13.4% |
| Inland Empire CA | $12.29 | 8.5% |
| Phoenix, AZ | $13.12 | 12.0% |
| New Jersey - Central | $15.55 | 9.1% |
| Los Angeles, CA | $15.89 | 4.6% |
| New Jersey - Northern | $17.44 | 8.3% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
Lehigh Valley is not its own row in the report. The listed Pennsylvania figure is the PA I-81/I-78 distribution corridor. Northern New Jersey and Central New Jersey are separate markets.
3PLs already operating in these markets
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