Warehouse and industrial rent in the Midwest
Midwest industrial warehouse lease rates: 13 metros, $5.42 to $8.54 per square foot. Cushman & Wakefield Q1 2026 industrial asking rents.
Published Marketbeat Midwest rent
This figure is printed in the Marketbeat for the Midwest. It is not calculated from the metro table below.
- Overall asking rent (NNN, all property types)
- $6.75/sf/yr
- Overall vacancy
- 4.8%
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
From the metros listed below
Low, high, and median are calculated from the metro asking rents in the table. The median is unweighted. A midpoint that is not already a whole cent is rounded to the cent. None of the three is a Marketbeat regional rent.
- Lowest listed metro asking rent
- $5.42/sf/yr
- Highest listed metro asking rent
- $8.54/sf/yr
- Median of listed metro asking rents
- $6.34/sf/yr
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
Q1 2026 metros
Midwest on this page is the Marketbeat metros in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, Ohio, and Wisconsin. The Marketbeat publishes a Midwest overall asking rent of $6.75 per square foot and Midwest vacancy of 4.8%. That published figure covers the same Census Midwest as this page. It is not the median of the metro rows below. The lowest overall asking rent among these 13 metros is $5.42 per square foot in Milwaukee, WI. The highest is $8.54 per square foot in Minneapolis, MN. The unweighted median of these listed metro asking rents is $6.34 per square foot, the middle value when the rows are ordered by asking rent (Columbus, OH). It is derived from those rows and is not a Marketbeat regional rent. The national overall asking rent in that report is $10.20 per square foot, which is not a Midwest rate. Vacancy in the table is each metro overall vacancy from the same report.
| Metro | Overall asking rent (NNN, $/sf/yr) | Vacancy |
|---|---|---|
| Chicago, IL | $7.40 | 4.8% |
| Cincinnati, OH | $6.35 | 5.4% |
| Cleveland, OH | $5.80 | 3.9% |
| Columbus, OH | $6.34 | 5.2% |
| Des Moines, IA | $7.26 | 7.6% |
| Detroit, MI | $7.40 | 4.1% |
| Indianapolis, IN | $6.15 | 7.2% |
| Kansas City, MO | $5.75 | 5.9% |
| Madison, WI | $6.28 | 2.1% |
| Milwaukee, WI | $5.42 | 4.2% |
| Minneapolis, MN | $8.54 | 4.9% |
| Omaha, NE | $7.78 | 2.1% |
| St. Louis, MO | $5.71 | 4.6% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
State pages in this region
These states have two or more metros in the report, so each has a state page. A state page repeats those metro asking rents and does not publish a statewide rent. States with one metro in the report are linked from the table above and do not have a separate state page.
- Warehouse rent in Missouri (2 metros)
- Warehouse rent in Ohio (3 metros)
- Warehouse rent in Wisconsin (2 metros)
Other regions
- Warehouse rent in the Northeast (15 metros)
- Warehouse rent in the Southeast (28 metros)
- Warehouse rent in the Southwest (8 metros)
- Warehouse rent on the West Coast (13 metros)
- Warehouse rent in the Mountain West (6 metros)