CBRE Group Inc.

Mega-warehouse facility leasing slowed in 2023, CBRE says

Slowing demand for industrial and logistics warehousing space resulted in fewer industrial mega-leases of 1 million square feet or more in 2023, according to a report released Friday by CBRE Group Inc. (NYSE: CBRE), a real estate services firm.

The number of big-box warehouse lease signings fell to 43 in 2023 from a record 63 in 2022, as economic uncertainty and changing inventory management practices weighed on demand for mega-facilities, according to CBRE data.

Traditional retailers and...

https://www.freightwaves.com/news/mega-warehouse-facility-leasing-slowed-in-2023-cbre-says

3PLs top player in warehouse leasing last year

Third-party logistics providers leased more North American big-box warehouse square footage in 2022 than any other customer category, according to a report published Thursday by CBRE Group Inc. This is the first time that 3PLs have been the top player in the warehouse leasing market since CBRE (NYSE: CBRE) began compiling data in 2012.

CBRE (NYSE: CBRE) said 3PLs accounted for 41% of all big warehouse space — defined as 200,000 square feet or larger. Retailers and wholesalers, which led in 2021,...

https://www.freightwaves.com/news/3pls-top-player-in-warehouse-leasing-last-year

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.