CHICAGO-The next five years will prove to be a costly ride for tenants of industrial space—to the tune of a 1.9% increase—as demand continues to outpace supply in nearly all markets across the country. That's the upshot of newly released research from DTZ.

The firm projects that Miami, Chicago and Houston will see the biggest cost jumps, each set for 2.2% gains. The research attributes Miami's expected increases over the coming half-decade in large part to its proximity to the Panama Canal.

For Houston, the drive comes from the growth of the port and its “robust energy sector,” according to John Wickes, who heads DTZ research for the Americas. Chicago has been in a steady recovery mode generally, which is clearly raising all real estate boats, if not equally, at least steadily.

On the flip side, Boston logistics tenants will get the biggest cost breaks—on average, 1.6% per year. Wickes attributes this to the city's “abundant supply, which will continue to give tenants the upper hand in lease negotiations.”

San Diego and Philadelphia will share the number-two slot in terms of cost hikes, and DTZ projects tenants in both locales to absorb a 1.6% hike.

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