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California  + Inland Empire  + Industrial  | 

Inland Empire Leads U.S. Industrial Activity

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Demand for e-commerce distribution space was the impetus for many of the largest industrial and logistics leases completed in the U.S. in the first half of this year, highlighting users’ preference for large, modern facilities, according to a new report from CBRE.

CBRE’s analysis of the 100 largest leases for industrial and logistics (I&L) space by square footage found that 56 were signed by e-commerce companies and third-party-logistics companies (3PLs), which predominantly handle distribution for goods purchased online.

SoCal’s Inland Empire led all U.S. metro areas, with 14 transactions, spanning 11.6 million square feet.

“Most of the larger deals in the Inland Empire are with companies that plan to take advantage of the taller 36-foot – 40-foot clear buildings available in the Inland Empire, investing substantial capital in sortation, material handling and racking systems that will allow e-commerce applications to work with regular distribution,” said CBRE’s Dan de la Paz. “A few apparel and home-improvement retailers are currently taking down 800,000-square-foot to 1.4-million square-foot properties. Business-to-business operations are also investing heavily into the area’s new modern warehouses.”

Other hot markets for big leases included:
– Atlanta (10 deals for 7 million square feet),
– Chicago (11 deals for 6.8 million square feet),
– Pennsylvania’s I-78/I-81 corridor (10 deals for 6.8 million square feet) and
– Dallas-Fort Worth (eight deals for 5.2 million square feet).

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For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Download CBRE reportConnect With CBRE’s de la Paz

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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