These Cities Led Industrial Rent Growth in Q1

San Francisco, New York City, and Washington D.C. posted the highest average industrial rents in the country in the first quarter of the year, with each clocking in at more than $10 per square foot for logistics space. 

Overall, nine markets showed average asking rents higher than the national average, according to new research from Colliers—though most of those are within areas where pricing is always at a premium. But three—Columbus, Seattle, and Detroit—showed year-over-year asking rent increases of more than 10%.  (Columbus was the clear frontrunner with an increase of more than 15%, while Denver showed a decrease of 5%.)