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Industrial outdoor storage yard rents surge 110% since 2020

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Story summary
  • Industrial outdoor storage yards in the United States have seen rents rise more than 110% since 2020.
  • Rents have surged in Houston, Savannah, Ga., and Norfolk, Va., among the top eight U.S. markets.
  • Rapid data-center construction is driving demand for industrial outdoor storage yards.
  • Wall Street Journal reporter Will Parker reported the rent increases.