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Large logistics tenants pour into new space rather than renew leases

Users of smaller spaces focus on location
In May, luxury event design company Nuage Designs expanded into more than 104,000 square feet at Eastview Commerce Center in Miami. The 2020-built property totals more than 172,000 square feet and is now fully leased. (CoStar)
In May, luxury event design company Nuage Designs expanded into more than 104,000 square feet at Eastview Commerce Center in Miami. The 2020-built property totals more than 172,000 square feet and is now fully leased. (CoStar)
CoStar Analytics
July 24, 2026 | 8:22 P.M.

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As the number of logistics facilities built over the past several years has soared, many tenants have opted to relocate to newly built space rather than renew leases in older buildings. This trend has been especially pronounced among logistics firms occupying more than 100,000 square feet.

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