Waypoint: Global Industrial Dynamics 2025

60 % of global markets have rents in the US$5-10 psf per year range

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India has the highest number of markets with rents below US$5 psf per year

markets globally have rents over US$20 psf per year, four of which are in EMEA

Logistics Rental Levels, Q4 2024

Americas

20 25 30 35 40 45

0 5 10 15

USD/SQFT/YEAR

Dallas

Seattle

Boston

Tijuana

Denver

Buenos Aires Santiago Atlanta

Baltimore Calgary

Phoenix

Toronto

Chicago

Monterrey Houston

St. Louis

Portland

Montreal

Memphis

Indianapolis Louisville

Charlotte

Savannah

Cleveland

Sao Paulo

Las Vegas

Vancouver

Mexico City

Greensboro

Minneapolis

Philadelphia

Los Angeles

Salt Lake City

Inland Empire

Rio de Janeiro

New Jersey - Central Oakland/East Bay

San Jose, California

NY Outer Boroughs

San José, Costa Rica

PA I-81/I-78 Corridor

New Jersey - Northern

Source: Cushman & Wakefield Research

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Cushman & Wakefield