{"id":1004597326,"date":"2022-08-16T02:04:00","date_gmt":"2022-08-16T10:04:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004597326"},"modified":"2023-03-22T22:49:48","modified_gmt":"2023-03-23T06:49:48","slug":"industrial-leasing-reaches-record-volumes","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-leasing-reaches-record-volumes\/","title":{"rendered":"Industrial Leasing Reaches Record Volumes"},"content":{"rendered":"
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Industrial hall. Image courtesy of EFAFLEX_Shnelllaftoure via Pixabay.com<\/p><\/div>\n

Of the top 100 industrial leasing transactions for the first half of 2022, 37 were for 1 million square feet or more, according to a report from CBRE<\/strong><\/a>. This is more than a 54 percent increase from the 24 leases of that volume by the first half of 2021.<\/p>\n

On average, the top 100 leases in the first half of 2022 had a size of 931,860 square feet. In comparison, for the same period in 2021, the top 100 had a square-foot average of 800,149. This marks a 16.5 percent increase in warehouse size.<\/p>\n

General retail and wholesale accounted for 40 of the top 100 transactions, while third-party logistics came in close second with 30 leases. The following types of industrial leasing deals ranked as such: E-commerce with 12, food and beverage with eight, automobile tires and parts with five, building materials and construction with three and medical with two.<\/p>\n

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READ ALSO:\u00a0<\/strong>Why Single-Tenant Net Lease Could Be Past Its Peak<\/a><\/p>\n

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As for markets, Atlanta led with 12 of the top 100 industrial leases in the first half of 2022. Of those, five were for 1 million square feet or more. Chicago followed closely behind with 11, while Savanah, Ga., was the top emerging market with seven.<\/p>\n

With overall vacancy rates at a record low, leasing activity has totaled 454 million square feet so far this year, 44 percent higher than the first half of 2020.<\/p>\n

Industrial leases can expect to see further increases in activity in markets with the highest rates of development such as Phoenix, Dallas, Chicago and Atlanta. As of June, year-to-date total construction was 5 percent higher<\/a> in the first half of 2022 when compared to the same period in 2021. Manufacturing starts were 83 percent higher on a year-to-date end basis.<\/p>\n

Although leasing demand has increased by more than 24 percent for spaces over 700,000 square feet, demand for light-industrial spaces under 25,000 square feet has slightly dropped.<\/p>\n

\"\"<\/a>

Number of industrial leases per market in the first half of 2022.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Atlanta and Chicago topped the list for the largest transactions in the first half of 2022.<\/p>\n","protected":false},"author":3006,"featured_media":1004546460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,23891,21742],"tags":[32789],"class_list":["post-1004597326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-national","category-latest","tag-cbre"],"acf":[],"yoast_head":"\nIndustrial Leasing Reaches Record Volumes - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Atlanta and Chicago had the most large industrial leases of the top 100 in the first half of 2022. 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