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The Bigger
the Better:
Mega Warehouses
Lead Industrial
Recovery
The industrial big box market is recovering. But not evenly, and not everywhere. CompStak and Savills break down the three-tier split reshaping big box leasing, covering vacancy, lease economics, and what is coming as pre-2020 leases roll.
A joint report by CompStak and Savills
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The industrial big box market is not a single story. Two landlords operating in the same metro can be looking at fundamentally different vacancy rates, lease terms, and rent trajectories depending on the size of their assets. This report breaks down exactly where those differences are, and what they mean for the deals getting done in 2026.
Key Insights
What’s inside the report
A market divided by size
Not all big box buildings are recovering equally. The report breaks down performance across three distinct tiers and shows where momentum is concentrating.
The rent reset on the horizon
A significant share of mega square footage was leased before 2020 and is rolling into a market where effective rents have moved materially. The report quantifies the gap.
Supply constraints locking in the divergence
New mega construction faces regulatory and site barriers that mid-size does not. The report maps availability by tier across major markets.
Lease economics that tell the real story
Starting rent is only part of the picture. The spread between starting and effective rent and average lease term reveals which tier landlords are winning.
Who is driving mega demand
Tenant composition in the mega segment has shifted. The report identifies which sectors are driving more than half of all mega leasing activity and why.
Get the full breakdown across all three tiers, markets, and lease vintages.
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All three tiers. Expiring vintages. Market-by-market supply.
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