Warehouse and industrial rent in the Southwest
Southwest warehouse rent: 8 metros, $7.44 to $13.12 per square foot. Cushman & Wakefield Q1 2026 industrial asking rents.
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
- $7.44/sf/yr
- Highest listed metro asking rent
- $13.12/sf/yr
- Median of listed metro asking rents
- $8.71/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
Southwest on this page is the Marketbeat metros in Arizona, Oklahoma, and Texas. The Marketbeat does not publish a Southwest asking rent. Texas and Oklahoma are in the report's South region, whose overall asking rent is $8.63 per square foot. Arizona is in the report's West region, whose overall asking rent is $12.79 per square foot. Neither published regional rent is a Southwest rate. The lowest overall asking rent among these 8 metros is $7.44 per square foot in Tulsa, OK. The highest is $13.12 per square foot in Phoenix, AZ. The unweighted median of these listed metro asking rents is the midpoint of San Antonio, TX ($8.70) and Dallas/Ft. Worth, TX ($8.71), which is $8.71 per square foot when rounded to the cent. 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 Southwest rate. Vacancy in the table is each metro overall vacancy from the same report.
| Metro | Overall asking rent (NNN, $/sf/yr) | Vacancy |
|---|---|---|
| Austin, TX | $11.81 | 22.9% |
| Dallas/Ft. Worth, TX | $8.71 | 8.3% |
| El Paso, TX | $8.25 | 11.2% |
| Houston, TX | $7.67 | 5.9% |
| Phoenix, AZ | $13.12 | 12.0% |
| San Antonio, TX | $8.70 | 11.3% |
| Tucson, AZ | $10.92 | 8.0% |
| Tulsa, OK | $7.44 | 4.1% |
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 Arizona (2 metros)
- Warehouse rent in Texas (5 metros)
Other regions
- Warehouse rent in the Northeast (15 metros)
- Warehouse rent in the Midwest (13 metros)
- Warehouse rent in the Southeast (28 metros)
- Warehouse rent on the West Coast (13 metros)
- Warehouse rent in the Mountain West (6 metros)