1. U.S LEAS
S. SING A
ACTIVIT OVE 500
TY ER 0,000 SF
KEY FACTS
Y
• Taking a deeper lo at big bo leases th
ook ox hrough third quarter of e
each year since
2006 sh
hows big bo leases ov 500,000 sf peaked a 20.3 million square f
ox ver at feet
(msf) during 2007. During the market slo
e owdown, lea
asing activity dropped to 11.7
y o
msf in 2 market starte recoverin at mid-year 2010
2009 and 11 msf in 2010. The m
1.1 ed ng
and lea
asing activity increased in 2011 and 2012.
y d
• Averaging 771,345 sf in size, leasing activity recorde its highes average d
5 ed st during
2012. In 2009, the average le
e ease size dr
ropped to a low of 614,5 sf due t the
500 to
effects of the reces
ssion. Since the beginn
e ases over 1. msf
ning of 2011 seven lea
1, .0
have be recorde The largest is Home Depot, Inc 1.6-msf build-to-suit deal
een ed. e c.’s t
that will be built ad
djacent to its 657,600-sf rapid deplo
s f oyment facility in the Chicago
market.
• So far t
this year, there have be 20 deals totaling 15 msf leas for spac over
een 5.4 sed ces
500,000 sf. The four major ind
0 sing spaces greater tha 500,000 sf were
dustries leas s an
manufa
acturing (41.4%), retail trade (23.0% transportation (12.1
%), 1%) and wh
holesale
trade (9
9.2%).
Steve
e.Harriss@
@cushwake
e.com 972-6
663-9649
Source: Cushman & Wakef field Research. Only m
markets track by Cush
ked hman & Wakefield
st rd
office are includ in this a
es ded analysis. YT totals are from 1 to 3 quarters Deals exc
TD e s. clude
renewwals.
INDUSTRIAL FACT TE
L EAM
Tina Arambulo Ted Harris
son Jared Jacobs
d
Los A
Angeles Phoenix Philad
delphia
Jame Breeze
es Steve Harr
ris Aman Ortiz
nda
Los A
Angeles Dallas Chica
ago
Neil Hamilton Robert Ho
oefer
Orlan
ndo Houston
www
w.cushmanw
wakefield.c
com