Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market
(in U.S. dollars)
Characteristic
Size rank
Warehouse and distribution
Manufacturing properties
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The source adds that rents have been weighted by the amount of available direct and sublease space. Rental rates are for triple net lease (NNN), in which the tenants pay additional expenses to the landlord, such as property taxes, insurance and common area maintenance.
Citation formats
Industrial and logistics real estate rent per square foot in the U.S. 2025, by market
Among the ** markets with the largest industrial and logistics real estate inventory in the U.S., Orange County, CA, had the highest rental rate in the first quarter of 2025. The square footage rent of warehouse and distribution centers was U.S. dollars, while for manufacturing sites it was U.S. dollars. In the largest market, Chicago, IL, rents were significantly lower, at ****U.S. dollars.
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Cushman & Wakefield. (April 14, 2025). Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/
Cushman & Wakefield. "Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market (in U.S. dollars) ." Chart. April 14, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/
Cushman & Wakefield. (2025). Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market (in U.S. dollars) . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/
Cushman & Wakefield. "Annual Average Asking Rent per Square Foot for Industrial and Logistics Real Estate in The United States in 1st Quarter 2025, by Market (in U.S. Dollars) ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 14 Apr 2025, /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/
Cushman & Wakefield, Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/ (last visited August 04, 2026)
Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2025, by market (in U.S. dollars) [Graph], Cushman & Wakefield, April 14, 2025. [Online]. Available: /statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/
