January 28, 2020
The Inland Empire is at the top of the list of the 100 largest warehouse deals in the U.S. in 2019, with 21 lease transactions totaling 17.5 million square feet, according to a CBRE announcement.
E-commerce users accounted for 13 of the transactions, ranging in size from 598,000 to 1.4 million square feet. Additional growth also came from traditional retailers that implemented omni-channel strategies to satisfy the rise in online sales, as well as the expanding food and beverage industry.
Of the 100 largest warehouse deals in the IE, facilities leased by logistics and e-commerce companies accounted for 71 percent of the square footage transacted in 2019, for a total of more than 29.5 million sq. ft. Logistics activity remained strong in 2019, in part buoyed by steady demand from wholesalers and manufacturers of consumer goods, looking to move inventory from warehouse to end-user.
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