Cushman
Americannoun
Example Sentences
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Companies signed 146 leases across the U.S. for warehouses over 500,000 square feet last year, up more than 31% from the previous year to the highest level since 2022, according to real-estate firm Cushman & Wakefield.
Forty-two of those agreements were signed in the fourth quarter, the most activity in a quarter since the third quarter of 2022, according to Cushman.
“The market is stabilizing and rebounding much faster than anybody really anticipated,” said Jason Tolliver, president of logistics and industrial for the Americas at Cushman.
The vacancy rate for warehouses over 500,000 square feet climbed to nearly 11% in the fourth quarter of 2024, compared with a pandemic-era low of 3.3% in the second quarter of 2022, according to Cushman.
As leasing demand picked up late last year and developers pulled back on new construction, availability for the largest buildings fell to 9.5% in the fourth quarter of 2025, Cushman said.
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