Phoenix. AZ

U.S. Hits Record Number of 1M SF Warehouse Leases in 2021 Phoenix, AZ

Rebounding economy drives demand for mega deals, retail and wholesale led industrial large-lease activity last year; Phoenix was seventh for large transactions

2022 년 01 월 25 일

exterior of industrial warehouse loading docks

Last year was a record year for large warehouse leases, driven by a rebounding economy and strong e-commerce sales. Companies committed to 57 warehouse leases of 1-million-sq.-ft. or larger across the U.S. in 2021, a 19% increase from 2020, according to CBRE.

CBRE charted the increase in mega warehouse leases as part of its analysis of the 100 largest U.S. industrial & logistics leases of 2021. CBRE found that, among those 100 leases, the average 2021 transaction size increased to 1,053,000 sq. ft., slightly above 2020’s average of 1,038,183 sq. ft.

“Given today’s supply chain challenges, such as transportation costs, staying ahead of customer demands and on-time deliveries, it is more important than ever for companies to expand their storage space domestically,” said Phoenix-based Senior Vice President Cooper Fratt. “Given Phoenix’s proximity to its West Coast neighbors and their ports, its favorable business environment and pipeline of modern distribution facilities, we anticipate increased demand for these type of mega leases in the region.”

The industry sector claiming the largest share of those 100 leases is general retail and wholesale, which recorded 44 transactions (46.1 MSF). This was a significant jump from 2020 when that sector recorded 32 transactions (35 MSF). E-commerce-only occupiers, last year’s leader, were second at 21 deals (27 MSF), followed by food and beverage users at 15 deals (14.2 MSF).

By market, Chicago had the greatest number of the top 100 transactions with 12. The Pennsylvania I-78/81 corridor followed with 11 but recorded the most transacted square feet at 12.4 million. Phoenix ranked seventh with five large transactions totaling 6 million square feet. Greenville – Spartanburg, SC, a fast-growing market in the southeast, made the top 10 for the first time.

Leading Markets Number of Transactions Transacted MSF
Chicago 12 12
PA - I-78/81 Corridor 11 12.4
Inland Empire 10 10.2
Dallas – Fort Worth 9 8.6
Atlanta 8 8.4
Indianapolis 6 5.5
Phoenix 5 6
Columbus 5 5
Central NJ 5 4.6
Greenville - Spartanburg 3 2.7

“It’s notable to see Greenville-Spartanburg on this list for the first time,” said James Breeze, Global Head of Industrial & Logistics Research for CBRE. “As core markets continue to struggle with availability, growth markets will begin to see larger deals as occupiers look to address their space needs.”

Read the entire report here.

CBRE Group, Inc. 소개

댈러스에 본사를 둔 CBRE Group, Inc. (NYSE:CBG)는 포춘 500대 기업 및 S&P 500대 기업으로 선정된 세계 최대 규모의 종합 부동산 서비스 기업이다(2021년 매출액 기준). 현재 10만 5천 명 이상의 임직원이(계열사 제외) 전 세계 100개 국에서 부동산 투자자와 임차인에게 관련 서비스를 제공하고 있다. 주요 서비스 범위로는 투자 자문, 임대차 자문, 자산 관리, 기업통합솔루션, Appraisal/Valuation, 전략적 컨설팅, 자산 매각 등이 있다. 보다 자세한 내용은 당사 웹사이트(에서 확인할 수 있다.

CBRE코리아 소개

CBRE코리아는 CBRE Group 한국 법인으로 1999년 설립되었으며, 현재 430여 명의 부동산 전문가들이 풍부한 국내 시장 경험 및 전문성, 광범위한 해외 네트워크를 바탕으로 고객 자산의 가치 및 이익 증대를 위해 최상의 부동산 서비스를 제공하고 있다. 또한 고객 맞춤형 서비스를 비롯하여 부동산 시장에 대한 정확한 분석과 전망을 위해 최선을 다하고 있다.