News / US warehouse lease rates climb even as demand for space slows

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Warehousing landlords are poised to make more money this year without adding to their footprint, as despite slowing demand leasing rates are expected to rise.

The slower economic conditions last year did not put a dent in the upward momentum of warehouse costs, the US lease rate climbing 20.6% since 2022, to a record $9.72 per sq ft, according to datafrom real estate giant Colliers.

However, the upward momentum in industrial real estate rents slowed in the second half of the year, ...