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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. 

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