Leasing

In this podcast, Logistics Management and Peerless Media Supply Chain Group News Editor Jeff Berman interviews Ben Dean, Director of Logistics Strategy and Warehouse Solutions, for Seattle-based Flexe.

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.

Besides ensuring access to newer trucks, leasing processes and contracts help operations adjust their fleet assets to changes in application needs.

There was a 36% annual decline in 1 million square-foot-plus leasing activity, which drove an 18% decrease in total industrial space leased, in the first half of the year, at 373 million square-feet. And CBRE said that the number of 1 million square-feet deals dropped from 36, in the first half of 2022, to 23, for the same period in 2023, amid economic uncertainty and waning occupier urgency to hold additional inventory.

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Leasing critical equipment like lift trucks can offer flexibility, but some lease terms can be complex and costly if you’re not careful.

Power by the hour is still evolving, but data on fleet use can help devise the right lease arrangements for your fleet.

Discover how you can avoid expensive surprises and save time and money.

Data recently issued by Los Angeles-based industrial real estate developer CBRE indicated that leasing volume for the United States industrial market is on track for a new annual record in 2021, with total activity through July, at 587 million square-feet (SF), a 52% annual gain.

While not cheap, top-flight customer service is driving more companies toward private fleets in a tight trucking capacity market, while shrewd operators learn to adapt and improvise on the fly to create value for their organizations.

In its “Q1 Industrial Outlook,” JLL Director of U.S. Industrial Research Mehtab Randhawa wrote that e-commerce continues to be a trending topic of discussion, with demand from this industry driving the bulk of industrial leasing, with the caveat that leasing volumes are starting to normalize following an anomaly year.

New business volume for 2020 down 6%, according to the Equipment Leasing and Finance Association’s (ELFA) index report for December

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index shows November new business volume down 7% year-over-year, and down 21% month-to-month

The Equipment Leasing & Finance Foundation's forecast for equipment leasing and software in 2021 calls for 7.8% expansion

Report by industrial real estate firm JLL finds that e-commerce represents 13.4% of total leasing for the third quarter