2015 was a great year to own big-box industrial real estate. For the purpose of this report, Colliers defines a bigbox building as a 300,000-squarefoot or larger industrial building that is primarily used for distribution with ceiling heights of 28’ clear or greater and being pre-cast or tilt-up concrete construction. Almost 95 million square feet of big-box space leased during the year. Net absorption totaled almost 56 million square feet. The occupancy rate of big-box space ended the year at 92.68%. Only 151 of the 1,961 big-box buildings were vacant in all of North America.
The top ten occupier leases in Q4 2015 totaled 10,620,000 square feet. The top ten sales showed $470 million dollars invested. Keep in mind that these statistics reflect only the activity in North America’s primary distribution markets. As such, these numbers are phenomenal !
Source : Colliers International