Episode Details
Back to EpisodesMega-Leases: Industrial's Second Act
Episode 29
Published 2 months ago
Description
- 93.6M SF leased in H1 2026 industrial (+26% YoY per CBRE)
- 38 mega industrial leases (≥1M SF) signed in H1 2026, more than double H1 2025
- Industrial demand driven by reshoring, e-commerce saturation, and permanent logistics infrastructure requirements
- Market bifurcation: generic bulk warehouse struggling vs. strategic logistics with rail access, last-mile positioning, and modern specs thriving
- Capital is deploying at scale, not retreating. Tenants optimizing total cost of occupancy (labor, transportation, energy, speed-to-market) over simple rent per square foot
- New supply moderating due to elevated construction costs and financing, creating rent growth setup in right submarkets