Press Release

Food & Beverage Sector Gains Ground in Largest US Warehouse Leases, But E-Commerce and Logistics Companies Still Dominate

06 2月 2020


Dallas– Feb. 6, 2020 – The food & beverage industry, driven by the expansion of grocery delivery, significantly expanded its share of the largest 100 U.S. industrial & logistics leases by square footage last year while the share claimed by e-commerce and logistics companies receded, according to a new report from CBRE.


Geographically, California’s Inland Empire remains the capital of big industrial leases, more than doubling the activity of the next busiest market in terms of the largest leases. Dallas-Fort Worth continues to be a top industrial market in the country, with seven massive leases executed in 2019 that totaled 6.1 million square feet.


“DFW had roughly 2 million square feet of direct food and beverage related leasing in 2019,” said Steve Berger, Senior Vice President with CBRE in Dallas. “However, this understates the total impact on the market as a growing percentage of e-commerce business includes food and beverage product.”


The food & beverage industry significantly stepped up its activity across the country in 2019, accounting for several million additional square feet of the largest industrial leases last year than in 2018 as grocers and distributors continue to build out their supply chains for home delivery. Specifically, food & beverage companies accounted for 13 of the top industrial leases for a cumulative 13 million sq. ft., up from nine leases for 8.8 million sq. ft. in 2018.


E-commerce companies and logistics companies – which include third-party logistics providers who handle distribution for other companies – accounted for 52 percent of the square footage in the largest 100 industrial leases last year, down from 61 percent in 2018, CBRE found. Still, e-commerce and logistics remain juggernauts for warehouse leasing, accounting together for far more leases (54) and square footage (45 million) last year within the top 100 than the next-closest category – wholesalers at 18 leases for 15.2 million sq. ft.



Top U.S. Markets For New, Large Warehouse Leases in 2019



Total Square Footage

Number of Leases

Inland Empire

17.5 million


Pennsylvania’s I-78/I-81 Corridor

7.5 million



6.9 million


Dallas-Fort Worth

6.1 million



5.4 million



4.4 million



4.2 million


Northern New Jersey

3.3 million



3.2 million



2.6 million



“Large warehouse leases tend to cluster in major distribution markets, most of which are near busy ports, large population centers and robust transportation networks,” said James Breeze, CBRE Global Head of Industrial & Logistics Research. “These rankings don’t fluctuate much from year to year for that reason. However, we do see smaller hubs like Memphis, Indianapolis and Columbus gaining momentum.”


To download the report, click here.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at