The Inland Empire Leads the Nation in Large Industrial Leases for 2025

The Inland Empire claimed the largest share of the nation’s top 100 industrial leases in 2025, solidifying its position as the country’s premier distribution hub according to CBRE reports.

The region recorded 14 of the 100 largest leases, totaling 11.8 million sq. ft., outpacing all other major logistics markets, followed by second-ranked Chicago and third-ranked Dallas–Fort Worth. The Inland Empire’s strong performance underscores sustained demand for large, modern distribution facilities supported by the region’s strategic location, transportation access and deep labor pool.

"2025 started with some significant hurdles in the form of tariffs, wildfires and a higher cost of capital. As the year progressed, larger companies began to return to the market, capitalizing on a softer leasing market and higher concessions from landlords," said Ian Britton, senior managing director at CBRE. "Many of the larger deals were driven by consolidations as companies moved out of older facilities into newer, Class A buildings with expanded clear heights, heavy power and immediate access to a strong labor pool.

Nationally, the top 100 leases totaled 98.8 million sq. ft., an increase from 96.8 million sq. ft. in 2024.

The report also shows a notable shift toward new leasing activity, with 78 of the top 100 transactions representing new deals—up significantly from 60 last year. Renewals declined to 22, totaling 21.2 million sq. ft.

New leasing activity accounted for a larger share of the top leases in 2025, with 78 of the top 100 leases being new deals totaling 77.6 million sq. ft. That’s up from 60 new leases among last year’s largest 100. Meanwhile, renewals accounted for 22 leases totaling 21.2 million sq. ft. last year, down from 40 in the year prior.

CBRE’s report reveals that, while the number of leases in 2025 exceeding 1 million sq. ft. declined to 46 from 49 in 2024, the average size of the top 100 leases increased to 988,000 sq. ft. from 968,000 sq. ft.

The average lease term also rose to approximately 98 months, up from 92 months the year previously.

The increase in lease terms is due to the stabilization of supply and rent growth. As a result, landlords are now more focused on maintaining occupancy and securing tenants for longer periods. Some landlords are offering incentives to lock in occupancy and reduce turnover risk.

Leading Markets for Top 100 Lease Transactions in 2025