3PLS (3PLS) service providers increased their share of the 100 largest rents in the first half of the year, as the senior occupiers control more storage and supply chain, according to the CBRE report.
Through the numbers, 38 out of 100 of the largest rent, which reached 28.9 million square feet in the first half of this year. This rises from 28 properties in the same period last year.
This sharp growth of tenants for sale in retail and wholesale-which ranked the largest share of the best 100 lease contracts in H1 2024-to the bottom to second place, reached a total lease contract of 21.4 million square feet, in third place, with a total of 3.2 million amounts of companies. Many e -commerce companies continue to reassess their operations after a period of great growth.
“The industrial scene is developing,” said John Morris, head of the American Industrial and logistics company at CBRE. “The use of external sources is increasingly widespread, as organizations respond to the pressures of customs tariffs, geopolitical uncertainty, harsh weather events, and high costs of employment. These factors hold the supply chain management and lead to increased dependence on flexible 3PL solutions.”
The CBRE analysis also revealed that the senior occupiers are moving towards smaller industrial rental obligations amid higher rents. This is evident in a decrease in huge lease contracts-which amounts to one million square feet and the largest-which represents 13 of the 100 best lease contracts, compared to 31 in the previous year. Moreover, the average rental volume in the largest 100 to 718,000 square feet decreased from 814,000 square feet in H1 2024.
