Warehouse Rent by State, Q1 2026
Industrial asking rents by state from the Cushman & Wakefield Q1 2026 Marketbeat. Pages are only for states with two or more published metros.
States with two or more metros
Each link opens a page for one state. The page lists the metros the Q1 2026 Cushman & Wakefield Marketbeat places in that state and repeats each metro overall asking rent and vacancy. The low and high columns are the lowest and highest of those metro asking rents. They are not a statewide rent. States with one metro in the report are listed further down and do not have a state page. Every metro is also on the warehouse costs by city guide.
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
States with one metro
These states have one metro in the Marketbeat. A separate state page would only repeat that metro, so the metro page is the page for that market.
- Alabama: Birmingham, AL, $7.62/sf/yr, vacancy 8.3%
- Idaho: Boise, ID, $10.89/sf/yr, vacancy 9.1%
- Illinois: Chicago, IL, $7.40/sf/yr, vacancy 4.8%
- Indiana: Indianapolis, IN, $6.15/sf/yr, vacancy 7.2%
- Iowa: Des Moines, IA, $7.26/sf/yr, vacancy 7.6%
- Kentucky: Louisville, KY, $6.73/sf/yr, vacancy 4.0%
- Massachusetts: Boston, MA, $15.50/sf/yr, vacancy 11.6%
- Michigan: Detroit, MI, $7.40/sf/yr, vacancy 4.1%
- Minnesota: Minneapolis, MN, $8.54/sf/yr, vacancy 4.9%
- Nebraska: Omaha, NE, $7.78/sf/yr, vacancy 2.1%
- New Hampshire: Southern New Hampshire, $10.76/sf/yr, vacancy 7.4%
- Oklahoma: Tulsa, OK, $7.44/sf/yr, vacancy 4.1%
- Oregon: Portland, OR, $11.09/sf/yr, vacancy 6.5%
- Rhode Island: Providence, RI, $7.50/sf/yr, vacancy 0.4%
- Utah: Salt Lake City, UT, $9.61/sf/yr, vacancy 7.9%
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.