Brief | Intelligent Investment

Top 100 OC and IE Industrial Leases of 2023

Class A space dominates top 100 industrial leasing

March 26, 2024 4 Minute Read

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Key takeaways:

- Nationally, the top 100 industrial leases had fewer mega deals in 2023 than top industrial deals in 2022.

- Orange County (OC) and the Inland Empire (IE) had the same trend locally, with only seven leases 1 million sq. ft. and above compared to eleven the prior year.
- Between OC and the IE, the top 100 leases covered over 35 million sq. ft. Nine of those leases totaling 9.9 million sq. ft. in the IE were part of the top 100 deals nationally.

- Across both markets, third-party logistics (3PL) and general retail & wholesale industries made up the bulk of leasing sq. ft. at 66%.