Warehouse Costs by City: 83 US Metro Areas (Q1 2026)
Overall industrial asking rents for 83 US metros. Each figure is the Q1 2026 Cushman & Wakefield overall weighted asking rent for that market. Wage rates, NNN operating-expense add-ons, and total occupancy ranges are not shown.
Key Takeaways
- Cushman & Wakefield national overall asking rent: $10.20/sf/yr, vacancy 7.0%, Q1 2026
- JLL national average direct asking rate: $10.34/sf/yr, vacancy 7.5%, Q1 2026
- Lowest asking rents in this report: Memphis, TN at $4.36 per square foot; Columbia, SC at $5.28 per square foot; Milwaukee, WI at $5.42 per square foot; St. Louis, MO at $5.71 per square foot
- Highest asking rents in this report: NY Outer Boroughs at $27.59 per square foot; San Jose (Silicon Valley), CA at $19.95 per square foot; San Francisco Peninsula, CA at $19.72 per square foot; Long Island, NY at $19.15 per square foot
| Series | Asking rent | Vacancy | YoY asking-rent change |
|---|---|---|---|
| Cushman & Wakefield overall weighted asking rent | $10.20/sf/yr | 7.0% | 2.1% |
| JLL average direct asking rate | $10.34/sf/yr | 7.5% | 0.8% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types. JLL national figure: JLL, United States Industrial Market Dynamics, Q1 2026. Average direct asking rate. The two national series are not blended.
Regional asking rents
These four regional figures are published in the same Marketbeat. They are not averages computed from the metro table below.
| Cushman & Wakefield region | Overall asking rent (NNN, $/sf/yr) | Vacancy |
|---|---|---|
| Northeast | $13.56 | 7.6% |
| Midwest | $6.75 | 4.8% |
| South | $8.63 | 7.8% |
| West | $12.79 | 7.9% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
Warehouse rent by state
Warehouse rent by state groups the metros below for each state with two or more markets in this report. A state page repeats those metro asking rents and does not publish a statewide rent. States with one Marketbeat metro stay on this page only.
- Arizona (2 metros, $10.92 to $13.12/sf/yr)
- California (10 metros, $8.36 to $19.95/sf/yr)
- Colorado (2 metros, $10.22 to $11.99/sf/yr)
- Connecticut (2 metros, $6.86 to $8.27/sf/yr)
- Florida (9 metros, $7.97 to $17.67/sf/yr)
- Georgia (2 metros, $6.70 to $7.38/sf/yr)
- Maryland (2 metros, $11.10 to $15.74/sf/yr)
- Missouri (2 metros, $5.71 to $5.75/sf/yr)
- Nevada (2 metros, $9.77 to $12.82/sf/yr)
- New Jersey (2 metros, $15.55 to $17.44/sf/yr)
- New York (5 metros, $6.64 to $27.59/sf/yr)
- North Carolina (3 metros, $5.96 to $11.08/sf/yr)
- Ohio (3 metros, $5.80 to $6.35/sf/yr)
- Pennsylvania (3 metros, $7.85 to $12.86/sf/yr)
- South Carolina (3 metros, $5.28 to $8.05/sf/yr)
- Tennessee (2 metros, $4.36 to $9.46/sf/yr)
- Texas (5 metros, $7.67 to $11.81/sf/yr)
- Virginia (5 metros, $5.89 to $17.23/sf/yr)
- Washington (2 metros, $11.37 to $14.88/sf/yr)
- Wisconsin (2 metros, $5.42 to $6.28/sf/yr)
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
Asking rent by metro (83)
Market names match the Cushman & Wakefield report. Where an older version of this page combined two markets into one range, those rows are now separate markets or removed. Each metro name links to its own page, which repeats only that market's asking rent and vacancy from the same report.
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
Market spotlight: Charleston, SC
Charleston, SC has a Q1 2026 overall asking rent of $8.05 per square foot and vacancy of 14.4% in the Cushman & Wakefield Marketbeat. If your freight moves through the port, weigh leased space against port-adjacent 3PL and bonded warehousing before committing. For pallet-rate, devanning, transloading, and drayage costs specific to this market, see our Charleston warehousing cost hub. (Disclosure: the publisher of this site operates C&C Warehouse, a bonded facility near the Port of Charleston.)
Charleston, SC · CBP-Bonded & General Order
Comparing warehouse costs near the Port of Charleston?
Before you sign a lease, price the alternative: C&C Warehouse is a CBP-bonded & General Order facility minutes from the port — pallet storage without the lease commitment, plus container devanning, transload/cross-dock, overweight reworking, and drayage coordination. Tell us about your cargo and get a direct answer from the operator.
C&C Warehouse is operated by the publisher of WarehousingCosts.com. candcwarehouse.com
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