Fewer Mega Industrial Leases Signed in 2023, CBRE Finds

CBRE, Dallas, found that there were fewer industrial leases of 1 million square feet or more in 2023 compared with 2022. Of the top 100 industrial leases signed last year, 43 were for at least 1 million square feet, compared with 63 in 2022.

Katie Parsons of JLL on Today’s Industrial Sector

Katie Parsons is Managing Director and Head of the Industrial Sector for JLL Valuation Advisory, which conducts assignments throughout the United States across property types.

Industrial Fundamentals Break More Records

JLL, Chicago, reported the industrial sector vacancy rate fell for the sixth consecutive quarter in early 2022, from 3.8 percent to 3.4 percent.