Industrial Fact of the Week - US Leasing Activity over 500,000SF
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Industrial Fact of the Week - US Leasing Activity over 500,000SF

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Industrial Fact of the Week - US Leasing Activity over 500,000SF Document Transcript

  • 1. U.S LEAS S. SING A ACTIVIT OVE 500 TY ER 0,000 SFKEY FACTS Y • Taking a deeper lo at big bo leases th ook ox hrough third quarter of e each year since 2006 sh hows big bo leases ov 500,000 sf peaked a 20.3 million square f ox ver at feet (msf) during 2007. During the market slo e owdown, lea asing activity dropped to 11.7 y o msf in 2 market starte recoverin at mid-year 2010 2009 and 11 msf in 2010. The m 1.1 ed ng and lea asing activity increased in 2011 and 2012. y d • Averaging 771,345 sf in size, leasing activity recorde its highes average d 5 ed st during 2012. In 2009, the average le e ease size dr ropped to a low of 614,5 sf due t the 500 to effects of the reces ssion. Since the beginn e ases over 1. msf ning of 2011 seven lea 1, .0 have be recorde The largest is Home Depot, Inc 1.6-msf build-to-suit deal een ed. e c.’s t that will be built ad djacent to its 657,600-sf rapid deplo s f oyment facility in the Chicago market. • So far t this year, there have be 20 deals totaling 15 msf leas for spac over een 5.4 sed ces 500,000 sf. The four major ind 0 sing spaces greater tha 500,000 sf were dustries leas s an manufa acturing (41.4%), retail trade (23.0% transportation (12.1 %), 1%) and wh holesale trade (9 9.2%).Steve e.Harriss@ @cushwake e.com 972-6 663-9649Source: Cushman & Wakef field Research. Only m markets track by Cush ked hman & Wakefield st rdoffice are includ in this a es ded analysis. YT totals are from 1 to 3 quarters Deals exc TD e s. cluderenewwals.INDUSTRIAL FACT TE L EAMTina Arambulo Ted Harris son Jared Jacobs dLos A Angeles Phoenix Philad delphiaJame Breeze es Steve Harr ris Aman Ortiz ndaLos A Angeles Dallas Chica agoNeil Hamilton Robert Ho oeferOrlan ndo Houstonwww w.cushmanw wakefield.c com