News / Firms feel a need for facilities near airports – and pay a premium for them

Aerial view of Chicago O'Hare © Thomas Barrat

Warehouses and distribution facilities near major airports enjoy an average rent premium of nearly 20% over non-airport warehouses, according to a study by industrial real estate firm CBRE

CBRE analysts scrutinised rents around the 20 busiest US airports and found rents for warehouses in a five-mile radius on average were 18.8% higher than the average for metropolitan areas.

Around the top five US airports, the rent premium is 25% or higher.

Locations near Los Angeles International Airport scored the highest premiums, averaging 36.8% ...