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Top 20 Markets for Industrial Rental Hike

Vacant industrial spaces are still hard to come by, with US industrial rents continuing to rise in February, according to the most recent report from CommercialEdge, a commercial real estate data platform powered by Yardi Matrix. The firm reports that the average rent for in-place industrial leases reaches $6.45 per square foot. ft represents an increase of 4.4 percent during the month, compared to February 2021. This led to a 30-basis-point month-on-month decline in industrial vacancy nationwide to 5.2 percent. Industrial markets close to major US ports took a particularly big jump in average fares, reaching 7.0 percent year-on-year growth.

The following gallery shows which markets saw the biggest jump in industrial rents from February 2021 to February 2022, as predicted by CommercialEdge researchers.

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