Future Cities
2022 North America Industrial Big Box
February 11, 2022 60 Minute
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Explore Industrial Big Box Insights by Market
For the second consecutive year, the North America industrial & logistics market had record performance in 2021 as strong economic growth led to sizeable job gains and increased retail sales. Occupiers leased an unprecedented amount of industrial space to serve a rapidly growing online consumer base and increase safety stock to counter supply chain disruptions over the past year. All sizes and types of industrial real estate performed well in 2021 but none more so than the big-box sector.
Experts Weigh In
Hillwood Investment Properties’ Amy Curry and CBRE’s James Breeze, John Morris, Traci Payette and Barbara Perrier share their perspectives on key drivers of 2021’s record big-box leasing activity, capital markets trends and the outlook for 2022.
Figure 1: North America Leasing Activity
Note: Includes new leases and renewals 200,000 sq. ft. and above in the markets tracked in this report.
Source: CBRE Research.
Figure 2: Share of North America 2021 Leasing Activity by Occupier Type
Note: Includes new leases and renewals 200,000 sq. ft. and above in the markets tracked in this report.
Source: CBRE Research.
Figure 3: North America Market Statistics
Note: Statistics only include markets tracked in this report.
Source: CBRE Research.
Figure 4: North America Under Construction vs. Preleased
Note: Statistics only include markets tracked in this report.
Source: CBRE Research.
Figure 5: North America Top 10 Rankings
Source: CBRE Research.
Explore Big Box Insights by Market
Chicago’s central location and plethora of logistics capabilities make it one of the most in-demand big-box markets in the country.
Houston’s pro-business environment, favorable real estate conditions and population growth continue to drive its thriving big-box industrial market.
Mexico City is one of the most densely populated metro areas in the world and is the largest big-box market in Mexico.
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