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Large logistics properties lead industrial sublease boom in US

Tenants increasingly take advantage of more discounted sublease space
Ceva Logistics subleased 1.3 million square feet of space vacated by The Home Depot at the 2020-built Elwood Logistics Center in Arizona this past summer. (CoStar)
Ceva Logistics subleased 1.3 million square feet of space vacated by The Home Depot at the 2020-built Elwood Logistics Center in Arizona this past summer. (CoStar)
CoStar Analytics
October 7, 2025 | 4:12 P.M.

While uncertainty over tariffs and the economy still influences logistics leasing, tenants signing new leases are more often trying to capitalize on an increasing amount of available sublease space.

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News | Large logistics properties lead industrial sublease boom in US