The Weekly Take from CBRE Don’t Stop Me Now: Innovations driving industrial real estate
Mar 9, 2026
John Morris, president of CBRE's Industrial & Logistics Advisory Services for the Americas, and Luke Petherbridge, CEO of Link Logistics overseeing vast industrial portfolios, dig into industrial real estate trends. They discuss booming leasing, e-commerce and reindustrialization, land and power competition with data centers, modern warehouse specs, automation and AI, and the long-term impact of driverless trucks.
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3PLs And Renewals Fueled 2025 Leasing Growth
- Outsourcing to 3PLs and lease renewals were major drivers of 2025 activity; 3PLs accounted for 36% of leasing and manufacturing leasing rose to ~11%.
- Renewals increased as many 2021 new leases began rolling, with earlier renewals and shorter average terms.
Local Scarcity Is Back In Specific Markets
- Scarcity returned in many micro-markets and size tranches despite national variability; some markets are effectively out of bulk supply.
- CBRE market calls reported specific markets like Kansas City with only a single available big building left.
Development Constrained By Land Use And Regulation
- Development faces barriers from municipal preferences, land highest-and-best-use shifts, and regulation, keeping new industrial starts low.
- Luke notes municipalities prefer housing or retail, and data centers or housing often outbid industrial for power-enabled land.