Industrial Rents Near JFK Airport Eclipse $30 Per SF for First Time as Warehouse Space Tightens
Asking rents for industrial and warehouse real estate near John F. Kennedy International Airport surpassed $30 per square foot for the first time in the market's history, according to a fourth-quarter Cushman & Wakefield report cited in a Bisnow analysis published April 6, 2026. Seagis Property Group was featured in the report.
JFK Industrial Market Hits Historic Rent Milestone
Industrial tenants signed almost 770,000 square feet of leases in submarkets serving JFK Airport in 2025, representing a 63.4% year-over-year increase, according to the Cushman & Wakefield data. Asking rents for triple-net leases in those submarkets crossed the $30-per-square-foot threshold for the first time, marking a significant benchmark in the JFK industrial real estate market.
Supply Constraints Intensify Near Airport
Companies catering in-flight meals and supporting airline operations are facing a shrinking pool of available warehouse options near the airport, according to the Bisnow report. The analysis noted that no new construction is currently underway in the market, compounding supply pressure as demand from aviation-related tenants continues to grow.
New Terminals Add Pressure to Industrial Demand
The tightening of industrial real estate availability near JFK coincides with new terminals coming online at the airport. The Bisnow analysis, written by reporter Ciara Long, examined how the expansion of airport infrastructure is driving additional demand for nearby warehouse and logistics space, with few vacancies available for cargo and related operations.
Seagis Property Group Cited in Market Analysis
Seagis Property Group was featured in Bisnow's April 6, 2026, analysis of JFK-area industrial rents. The full article was published by Bisnow's New York City bureau and is available on the Bisnow website.