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Traditional Retailers, Not Pure E-Commerce Sellers, Led to Record Large Warehouse Leases, CBRE Says

Brokerage’s Study Finds 19% Rise in Transactions of 1 Million Square Feet and Over Last Year
A year ago, sneaker maker Nike signed a lease for a 1.3 million-square-foot distribution center at the Bethlehem Majestic Center in Lehigh Valley, Pennsylvania, which CBRE said was the No. 2 U.S. market last year for large warehouse leases.  (CoStar)
A year ago, sneaker maker Nike signed a lease for a 1.3 million-square-foot distribution center at the Bethlehem Majestic Center in Lehigh Valley, Pennsylvania, which CBRE said was the No. 2 U.S. market last year for large warehouse leases. (CoStar)
CoStar News
January 25, 2022 | 11:35 P.M.

Big warehouse leases hit a record last year, driven by not only e-commerce but traditional retailers as the economy rebounded and the boom in the U.S. industrial market forged ahead.

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