Report: IE leads country in large industrial leases

The Inland Empire recorded 20 of the largest industrial leases signed in the United States last year, the most of any submarket, according to CBRE.

Pennsylvania’s Interstate 78-Interstate 81 corridor, Dallas-Ft. Worth, Atlanta and Chicago completed the top five markets with mega industrial leases, CBRE stated in a report it released earlier this month.

Nationwide, 61 percent of the largest 100 warehouse transactions in 2018  – both leases and sales – were in ecommerce and logistics, a sector where the Inland Empire is especially strong.

Last year’s mega deals, defined as anything from 740,000 to 2.3 million square feet, accounted for 100.3 million square feet of transactions throughout the United States.

“These figures illustrate there is still a lot of momentum behind ecommerce uses in U.S. warehouse leasing, despite concerns that the sector’s expansion may be reaching its later stages,” said David Egan, CBRE’s global head of industrial and logistics research, in a statement. “We expect this type of leasing momentum to continue in 2019.”