Who’s leasing the largest industrial buildings in the U.S.?

A national look at the occupiers and demand drivers behind nearly 400 million square feet of bulk industrial leasing.

From July 2024 to July 2026, occupiers signed 512 bulk industrial leases across the U.S., each 500,000 square feet or larger, totaling 397.1 million square feet. Our industrial team analyzed the companies, industries, and markets behind these commitments to reveal where occupier demand is strongest and how bulk leasing trends are evolving nationwide.

Key takeaways:

  • Outsourced distribution and reshored production dominate bulk U.S. bulk industrial leasing demand.
  • Transportation and warehousing plus manufacturing account for roughly 62% of all bulk industrial leasing volume.
  • Third-party logistics (3PL) providers occupy 89% of bulk space leased by warehousing users.
  • Amazon holds about 7% of all bulk industrial square footage leased nationwide, spanning 31 separate lease commitments.
  • The Southeast leads all U.S. regions with 122.5 million square feet of bulk industrial leasing activity, while the Inland Empire ranks as the top market.
“One of the clearest trends in the data is that industrial demand has become far more diversified. Manufacturing, logistics providers, and infrastructure-related users are all contributing meaningfully to bulk leasing activity. There is a slight decoupling from consumer demand with capital investment driving a large portion of the demand. For investors and developers, this creates a more nuanced view of where long-term demand is forming and where capital can be deployed with greater conviction."

Christopher Skibinski, SIOR

Managing Director, Principal, Co-Lead National Industrial Capital Markets

Profile Image for Christopher Skibinski, SIOR

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