Mega big box deals have dominated, with the number of leases for one million square feet representing nearly half of the top 100 leases in 2024. The growth was driven by record online sales, according to a CBRE industrial leasing report.

However, the average size of the top 100 industrial leases fell slightly last year to 968,000 square feet from 987,000 square feet in 2023, CBRE said in the report. Of the biggest deals, 40 were renewals, an increase of 10 from 2023.

CBRE also noted a less diverse mix of tenants among the top 100 compared with 2023. Traditional retailers and wholesalers signed 38 leases, compared with 30 in 2023, while third-party logistics operators signed 28, down one from 2023. The food & beverage, auto and building materials sectors all made up a smaller share in 2024 with nine, five and three leases signed in each sector. E-commerce operators signed 14 leases, manufacturing signed two and medical signed one.