1、NORTH AMERICAN INDUSTRIAL2026 Big Box Outlook2026 Big Box Outlook|IndustrialNorth American Overview.4Atlanta.6Charlotte.8Chicago.10Cincinnati.12Columbus.14Dallas-Fort Worth.16Eastern PA Tri-State .18Greenville-Spartanburg.20Houston.22Indianapolis.24Inland Empire.26Kansas City.28Memphis.30Nashville.3
2、2Northern California.34Northern-Central New Jersey .36Phoenix.38Seattle-Puget Sound.40Tampa/I-4 Corridor.42Toronto.44Colliers|Industrial|Big Box Outlook|Year-End 2025Craig HurvitzDirector,National Industrial Research|U.S.Stephanie RodriguezNational Director,Industrial Services|U.S.and Executive Mana
3、ging Director|Florida&AtlantaIntroduction|3 IntroductionThe North American big box industrial market encompassing modern warehouse and distribution facilities 200,000 SF or more with at least 28-foot clear heights continues to demonstrate its essential role in the logistics,warehousing,and e-commerc
4、e economy.By year-end 2025,major markets across the U.S.and Canada were moving back into balance as demand accelerated and construction declined sharply.New leasing reached its strongest level since 2022,while net absorption rebounded significantly in the second half of the year.At the same time,dev
5、elopment pipelines have contracted by 70%from their 2022 peak,helping vacancy begin to trend downward after rising through 2023 and 2024.This improving alignment between supply and demand is being supported by resilient consumer spending,expanding manufacturing investment,and steady e-commerce and t
6、hird-party logistics activity.This report examines the performance of 20 major North American big box markets through 2025,analyzing key fundamentals,trends,and emerging opportunities that are shaping the next phase of growth for large-format industrial real estate.Unless otherwise specified,all rep
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