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US Leads in Logistics Rent Growth

LOS ANGELES—Six of the 10 fastest-growing logistics markets in terms of rents are in the US, mainly on the coasts, according to CBRE’s inaugural report.

A logistics facility in New Jersey Dermody Properties opened this facility in the Exit 8A submarket last year; New Jersey has the world’s second-highest rate of growth in logistics rents.

LOS ANGELES—The US is home to none of the world’s 10 most expensive logistics markets, but rents here are growing faster than anywhere else on earth. Six of the world’s top 10 markets for logistics rent increases can be found here, according to CBRE Group’s first-ever Global Prime Logistics Rents report, issued Monday.

With 29.8% year-over-year rent growth, the logistics market in Oakland, CA outpaced the global average by more than tenfold, CBRE data show. The city across the bay from San Francisco also saw Y-O-Y rent growth nearly twice as fast as that of the second-fastest grower on the list, New Jersey at 15.0%.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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