Million-square-foot warehouse facilities are growing more common across the nation. Between 2010 – 2015, there were 102.3 million square feet of new leases in this size range.
The top five markets account for 58.5 percent of total lease transactions with e-commerce and traditional retail driving demand.
Inland Empire leads the country in million-square-foot transactions signing nine deals in the last 18 months. Demand remains strong in the market with several deals pending and additional requirements this year.
For more information, contact Shanie Adoptante.