CRE Daily reported October 27 that industrial outdoor storage rents increased 32% nationwide since 2021, citing CBRE. A separate measure shows more than 110% growth since 2020 across eight markets, including Houston, Savannah and Norfolk. Different base years and market sets mean the figures should not be combined.
The report says more than 200 acres of outdoor storage in Manassas, Virginia are slated for data center conversion, representing over 20% of local supply. These are planned conversions, not confirmation that all supply has already been removed. DAT Freight and Analytics estimates approximately 100,000 truckloads of materials per gigawatt of new data center capacity.
CRE Daily estimates the U.S. IOS market at $300B and reports institutional activity involving J.P. Morgan and Zenith IOS, Catalyst Investment Partners and Blackstone. Those investment figures are secondary reporting.
Storage yards can support construction staging while competing with data centers for land. Zoning, access and local conversion plans affect potential supply. The report does not isolate how much rent growth each driver caused, and absolute rents per acre were not reported.
Key Takeaways
- Outdoor storage is priced as land, and data centers compete for the same acres.
- IOS rents up 32% since 2021 (CBRE); more than 110% since 2020 across eight markets
- U.S. IOS market estimated at $300B
- Manassas: 200+ acres planned for data centers, over 20% of local supply
- Absolute rents per acre and the basis for the 110% figure not reported
CRE Daily — Industrial outdoor storage rents, October 27, 2026 (CBRE and DAT figures as reported) · https://www.credaily.com/newsletters/national/issue/industrial-outdoor-storage-rents-climb-32-on-the-data-center-boom/
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