According to CNBC, citing data from Newmark Research and Alterra IOS, the average monthly rent per available acre for industrial outdoor storage (IOS) across eight major U.S. markets surged by 103.5% from 2020 through the third quarter of this year, reaching nearly $11,000. Over the same period, rents for traditional industrial space rose by 66%. The report noted that institutional players such as Brookfield and Blackstone are eyeing this asset class, with Blackstone primarily participating through lending.