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E-Commerce Is Dominating Industrial Leasing Across The U.S.
Courtesy of Orlando Corp.
An Amazon fulfillment center planned for Brampton, ON, in Canada
E-commerce companies dominated leasing activity for new industrial product in the development pipeline across the U.S., with tenancies averaging more than 330K SF, according to JLL's new nationwide industrial market report. Mega-box and big-box spaces continue to be in high demand, JLL said, with five leases in excess of 1M SF signed nationwide in Q4 2016. Tech firms averaged leases of just over 96K SF. E-commerce and corresponding logistics operations spurred warehouse development in major markets such as Boston, Denver, and Columbus, Ohio, which had over 4M SF of large block industrial deliveries in 2016.
