Food & Beverage E-Commerce Drives Demand for
Large Warehouses in 2019|
January 28, 2020
and logistics companies accounted for 52% of
the 100 largest warehouse leases by square
footage in 2019, totaling more than 45
million sq. ft. and ranging in size from
598,000 to 2.5 million sq. ft. While major
players dominated most of the deals by
e-commerce companies in 2019, growth also
came from traditional retailers that
implemented omnichannel strategies to
satisfy the rise in U.S. online sales.
Food & beverage companiesí market share
increased by 4.1 million sq. ft. last year
with their number of transactions up by 44%.
The surge in food & beverage activity came
from companies improving their grocery
supply chain for supermarkets and e-commerce
Fifty of the 100 leases were for warehouses
sized 800,000 sq. ft. or more, reflecting
continued demand for large, tall, modern
buildings. These transactions were spread
across 35 markets, with the Inland Empire,
PA I-78/81 Corridor, Memphis, Dallas/Ft.
Worth and Atlanta having the largest volume
of transactions by square footage.
Figure 1: 100 Largest U.S. Warehouse Leases
by Industry, 2019
Figure 2: Top 5 U.S. Markets for Warehouse