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What's Up Wednesday: Industrial Rents Are Projected to Increase 30% in These Key Markets

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What's Up Wednesday: Industrial Rents Are Projected to Increase Up to 30% in These Key Markets

Year-over-year rent growth in Q1 2022 clocked in at 15.2%. The average price per square foot hit $7.89, a record high, while warehouse/distribution rents rose 15.7% over the same period.

Rents for warehouse and distribution space are projected to climb 30% over the next five years in several key US industrial markets, as demand continues to outpace supply for the sector. 

Be sure to follow us on LinkedIn for the most current #WhatsUpWednesday market knowledge & industry insight.

Source: GlobeSt.com

 

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