Average rent per square foot of warehouse space in New York, U.S. 2017-2024
After peaking in 2023, the average rent for industrial real estate for warehouse distribution use in New York City Metro declined. In the first quarter of 2024, the average rent was 17.01 U.S. dollars per square foot. Despite the decrease, this was notably higher than 2017, when it amounted to 7.79 U.S. dollars. New York City Metro is one of the leading markets in the U.S. in terms of industrial and logistic state inventory.