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.
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Kristen Smithberg
Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
