February 2025 Prime Warehouse Costs & Availability Report

Q1 2025 Prime Warehouse Costs & Availability Report – Key Highlights

Data from 500 additional properties across 31 U.S. and Canadian markets. If you’re making real estate decisions, this is the most granular, market-level rent and operating expense data available.

My key takeaways:

  • Rents and operating costs vary widely. Asking rents range from $6.01/SF in Edmonton to $27.60/SF in Orange County, CA.
  • Industrial real estate is diverging. Emerging markets see rising vacancies, while key hubs like Northern New Jersey and Inland Empire remain expensive but competitive.
  • Size matters. Availability for 100-200k SF spaces remains tight, while larger footprints (500k+ SF) face softening in overbuilt markets.
  • Property taxes are a growing concern. Operating expenses are up, with South Florida and Boston topping $4.00/SF.


If you’re benchmarking warehouse costs or planning your next lease, this data helps cut through the noise—real numbers, not broad market averages.

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