Phoenix leads nation for widest industrial lease spread

California continues to dominate the industrial sector in rental rates, setting high benchmarks for rent levels across the nation. According to the October industrial report, Orange County leads the nation with an average rent of $15.73 per square foot, closely followed by Los Angeles at $14.98 per square foot and the Bay Area at $13.49 per square foot. In addition, the report shows that Phoenix leads the nation for widest industrial lease spread.

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