Warehouse storage rates remained high in Q4 2022, but the rates didn’t rise quarter over quarter. Inventories remained high through the holiday shopping season, and analysts expect they are past their peak as retailers move merchandise at markdowns. Although supply chain inflation has cooled, warehouses are still packed with inventory. With limited space, retailers pay a higher rate for the remaining storage space, and that cost gets passed down to the consumer. In the final three quarters of 2022, the Northeast saw a 12 percent price increase from the first quarter of the year. The Midwest saw 8 percent, and the West Coast saw 7 percent.