Mega leases in the first half totaled 31 compared with 24 versus the last six months in 2023, according to a report from CBRE. The firm said those leases made up a "greater share" of the total inside the top 100.
"Occupiers seized the opportunity to lease mega facilities at rental rates that were driven lower by elevated new construction completions in recent years," it wrote.
The size of the leases from the top 100 industrial leases that were cited, measured 81.4 million square feet in the first half. That's up from the 79.1 million figure in the same period last year. Of the 100 companies this year, 41 of them were identified as lease renewals, which was also higher than 2023′s first half of 35.
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