FW: Demand for big-box warehouse leasing picks up pace, e-commerce lags

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FREIGHTWAVES reports:

Leasing activity for mega-logistics warehouses picked up pace in the first half of the year, though one key customer category — e-commerce — did not join the party.

Warehouse users signed leases for 37 facilities of 1 million square feet or larger through June, up from 24 facilities during the first half of 2021, according to data from real estate services giant CBRE Group Inc. (NYSE: CBRE).

Appetite for big-box spaces continued strong, with the average size of the top 100 warehouse leases reaching 931,860 square feet, up from 800,149 in the 2021 period, per CBRE data. Of the top 100 leases, 85 were new contracts rather than renewals, a barometer of broadening expansion, CBRE said…

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