Where the Priciest US Warehouse Markets Are

Average rents for warehouse space in the San Francisco Peninsula clock in at $18.25 per square foot.

By Lynn Pollack | May 20, 2021 at 07:30 AM

The San Francisco Peninsula is the most expensive market in the US for warehouse rents and the third most expensive region globally, followed by the nearby North Bay and Washington’s Puget Sound.

Average rents for warehouse space in the San Francisco Peninsula clock in at $18.25 per square foot, followed by rates of $14.62 per square foot in the North Bay and $14.31 in the Puget Sound – Eastside submarket, according to a new global logistics report from Cushman & Wakefield.

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