Q4 '24 3PL Warehouse Pricing Index Report

The U.S. industrial real estate sublease market surges. Downstream inventories expand ahead of retail peak season. Warehouse services pricing continues to decline. Check out the latest insights from WarehouseQuote, S&P Global , C.H. Robinson , and MyFreightWorld Inc.

• -2.6 percent decrease in the national average of warehouse storage costs year-over-year in Q3 '24 vs Q3’ 23, with a -0.5 percent decrease quarter-over-quarter?
• The national average of warehouse storage costs has seen a decrease in 9 consecutive months but?remains up +11.7 percent since Q3 '21.
• Logistics Manager Index Inventory Levels expand to an aggregate rating of 59.8, signaling the seasonal buildup of inventories ahead of peak season
• The U.S. sublease market of industrial real estate hits 199 million square feet of space, the most since 2009

The Warehouse Pricing Index (WPI) is now available in JOC.com extensive, multi-channel dashboard, Gateway. Learn more about Gateway and how WarehouseQuote is helping logistics managers make smart supply chain decisions.

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Report Contributors

• Chris Rogers , Head of Supply Chain Research at S&P Global
• Mathew Leo , Principal Manager of Research and Market Intelligence at C.H. Robinson
• Mike Chalfant, CPA , President at MyFreightWorld Inc.