Warehouse Lease & Space Guides
Whether you are signing your first lease or expanding into a new market, these guides cover warehouse real estate costs, space planning, and the build-vs-lease decision with current 2026 data.
How Much Does Warehouse Space Cost in 2026?
Quoted industrial rents on this site are overall asking rents, not in-place rents or a blend of sources.
| 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 | $10.34/sf/yr | 7.5% | 0.8% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types. JLL national figure: JLL, United States Industrial Market Dynamics, Q1 2026. Average direct asking rate. The two national series are not blended.
| Market | Overall asking rent ($/sf/yr) |
|---|---|
| Los Angeles, CA | $15.89 |
| San Francisco Peninsula, CA | $19.72 |
| San Jose (Silicon Valley), CA | $19.95 |
| Oakland/East Bay, CA | $14.93 |
| Miami, FL | $15.75 |
| Baltimore, MD | $11.10 |
| Dallas/Ft. Worth, TX | $8.71 |
| Houston, TX | $7.67 |
| Memphis, TN | $4.36 |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.
San Francisco Bay is not one market in the source, so Peninsula, San Jose, and Oakland/East Bay are listed separately. See the lease rate guide and city table for every metro.
Need to size a space before you price it? Use the warehouse space calculator to estimate square footage from your SKU count and throughput, then weigh leasing against ownership with our build vs. lease analysis. Temperature-controlled asking rents are not in the industrial Marketbeat. See the cold storage cost guide for that topic.
Warehouse Lease Rates
Q1 2026 industrial asking rents: national Cushman & Wakefield and JLL figures, plus every metro in the Marketbeat.
Warehouse Space Calculator
Interactive tool to estimate how much warehouse square footage you need based on SKUs, throughput, and operations.
Build vs. Lease a Warehouse
Financial analysis comparing new construction against leasing with break-even calculators and ROI projections.
Warehouse Costs by City
Overall asking rents and vacancy for 83 US metros from the Q1 2026 Cushman & Wakefield Marketbeat.
Cold Storage Warehouse Costs
Complete 2026 guide to cold storage costs: lease rates, construction, 3PL pricing, and operating expenses for refrigerated and frozen facilities.
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