Warehouse rent in Arizona
Arizona warehouse rent: 2 metros, $10.92 to $13.12 per square foot. Cushman & Wakefield Q1 2026 industrial asking rents.
Q1 2026 metros
The Cushman & Wakefield United States Industrial Marketbeat for Q1 2026 (preliminary) lists 2 metros in Arizona. It does not publish a statewide asking rent, and the table repeats each metro figure on its own. The lowest overall asking rent among these 2 metros is $10.92 per square foot in Tucson, AZ. The highest is $13.12 per square foot in Phoenix, AZ. The national overall asking rent in that report is $10.20 per square foot, which is not a Arizona rate. Vacancy in the table is each metro overall vacancy from the same report.
| Metro | Overall asking rent (NNN, $/sf/yr) | Vacancy |
|---|---|---|
| Phoenix, AZ | $13.12 | 12.0% |
| Tucson, AZ | $10.92 | 8.0% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.