Business · Singapore Bureau
AI data centre boom drives US warehouse rents sharply higher
Strong demand from artificial intelligence infrastructure projects is pushing American warehouse rental rates to new highs, according to commercial real estate analysis. Average asking rents have climbed 3.2 per cent year-on-year to US$10.55 per square foot.
LSN Singapore ·
Artificial intelligence data centre developments are reshaping the US warehouse market, with landlords capitalising on robust tenant demand and limited available space. The surge in AI-related infrastructure projects has created a significant uptick in warehouse leasing activity across major markets, driving rental growth faster than historical trends.
According to commercial real estate firm JLL, average asking rents in the US warehouse sector reached US$10.55 per square foot, representing a 3.2 per cent increase from the previous year. The acceleration reflects tight market conditions as technology companies and data centre operators compete for strategically located facilities to support their expanding AI capabilities.
The trend underscores broader shifts in real estate demand driven by technological advancement. While traditional warehouse use remains steady, the emergence of AI infrastructure as a major economic driver has introduced new dynamics to the sector, with operators prioritising proximity to power sources, fibre optic networks, and cooling infrastructure.
Market observers note that this surge in warehouse demand and rents is likely to persist as investment in artificial intelligence systems continues to expand globally. Companies seeking to establish or expand data centre operations are expected to remain active in the leasing market, supporting continued rental growth in key industrial real estate markets.