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.
On the flip side, Memphis ranks as the cheapest US market and seventh least expensive market in the world, with rates at $3.61 per square foot. Columbus follows behind as the second cheapest US market and the tenth least expensive region globally with average rents of $3.95 per square foot.
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