What is it?
The calculated asking price to rent a warehouse by square foot. It is the dollar amount the lessor is requesting in order to lease their building /land/space. It is signified as an annual or monthly amount contingent on the area where the property is located. Most markets use an annual amount while some western markets use a monthly amount.
Who is interested?
Financial Managers, CFOs, Planners, Commercial Real Estate professionals
What does it tell me?
The index tells you the asking rental price per square foot for warehouses.