By Ward Richmond
For the first time, 3PLs topped CBRE’s list of biggest warehouse leases in the first half 2018.
In the race for speedy delivery, more and more companies are turning to third-party logistics (3PLs) providers for distribution of products to customers. This trend appears evident in a recent CBRE report on the largest industrial leases signed in the first half of 2018. An analysis of leases for 100 largest industrial and logistics (I&L) spaces by square footage, which together totaled 67.8 million sq. ft., showed that 56 of the leases were signed by 3PLs and e-commerce users.