CBRE News & Resources
Page 1 of 9 pages.
CBRE report points to a decrease in ‘megawarehouse’ leases from 2022 to 2023
January 31, 2024
CBRE reported that the largest 100 industrial lease transactions in 2023 included 43 deals for 1 million square-feet or more, which the firm describes as “megawarehouses.” This fell short of 2022’s record-high 63 deals and 2021’s strong 57 deals tally. The average size of the top 100 leases came in at 986,744 square-feet, down from 2023’s record 1.07 MSF and the previous record set in 2021, at 1.05 MSF.
CBRE report highlights a decrease in ‘megawarehouse’ leases from 2022 to 2023
January 30, 2024
CBRE reported that the largest 100 industrial lease transactions in 2023 included 43 deals for 1 million square-feet (MSF) or more, which the firm describes as “megawarehouses.” This fell short of 2022’s record-high 63 deals and 2021’s strong 57 deals tally. The average size of the top 100 leases came in at 986,744 square-feet, down from 2023’s record 1.07 MSF and the previous record set in 2021, at 1.05 MSF.
CBRE report highlights mixed Q3 industrial real estate indicators
November 6, 2023
In its “U.S. Industrial Q3 2023” report, CBRE found that third quarter construction starts saw a 37% decline, from the second quarter to the third quarter, and a 64% annual decline, to 40 million square-feet (MSF), which CBRE said lowered the under-construction total, for the third consecutive quarter, to 479 MSF.
CBRE Q1 data points to the staying power of the U.S. industrial real estate market
May 5, 2023
The U.S. industrial real estate market added 89 million square feet (MSF) of vacant supply, in the first quarter, which CBRE said represents the single largest quarter-over-quarter increase on record. What’s more, that subsequently led to the overall vacancy rate seeing an increase for the first time, going back to the second quarter of 2009, with a 50-basis point increase to 3.5% that still trails the 5.0% 10-year average.
“Megawarehouse” demand hits record highs in 2022, reports CBRE
February 8, 2023
CBRE found that the largest 100 industrial lease transactions in 2022 included a record-high 63 deals for 1 million square-feet or more—known as “megawarehouses”—topping the 57 deals recorded in 2021. What’s more, it added that the average size of the top 100 leases was 1.07 million square-feet (MSF), supplanting the previous record, of 1.05 million MSF, set in 2021.
Forum Mobility heralds $400M joint venture with CBRE IM and Series A funding round
January 17, 2023
With an eye on what it calls the equitable electrification of heavy-duty port transit, Oakland-based Forum Mobility, a provider of zero-emission trucking services, announced two initiatives focused on the company’s core mission, with each having an eye on the future. One initiative heralded by Forum is the closure of its $15 million Series A funding round, as well as its $400 million joint venture, with both serving as the beneficiaries of a fund led by CBRE Investment Management (IM) focused on...
CBRE research points to industrial real estate rate gains near major airports
October 26, 2022
In a research brief, entitled “Industrial Facilities Near Airports Command Rent Premiums,” CBRE explained that companies are locating distribution operations closer to airports, or air cargo ports, in order to counter various challenges, especially increasing transportation costs, which it said account for 45%-to-70% of overall supply chain costs—based on data issued by the company’s subsidiary CBRE Supply Chain Advisory. This represents a steep uptick compared to occupancy costs, which account for 3%-to-6%, said CBRE.
CBRE research highlights industrial real estate rate gains near major airports
October 26, 2022
In a research brief, entitled “Industrial Facilities Near Airports Command Rent Premiums,” CBRE explained that companies are locating distribution operations closer to airports, or air cargo ports, in order to counter various challenges, especially increasing transportation costs, which it said account for 45%-to-70% of overall supply chain costs—based on data issued by the company’s subsidiary CBRE Supply Chain Advisory. This represents a steep uptick compared to occupancy costs, which account for 3%-to-6%, said CBRE.
CBRE on Twitter