What Transformation Has the Storage And Warehouse Leasing Market Undergone?
The storage and warehouse leasing market has seen considerable growth due to a variety of factors.
•In recent history, a significant growth has been witnessed in the leasing market for storage and warehouse, intensifying from $70.48 billion in 2024 to $76.26 billion in 2025. This upswing represents a compound annual growth rate (CAGR) of 8.2%.
Factors contributing to this historical growth predominantly include per capita disposable income, rental vacancy rates, homeownership rate, business sentiment, and the industrial production index.
How Will The Storage And Warehouse Leasing Market Size Evolve In The Foreseeable Future?
The storage and warehouse leasing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for storage and warehouse leasing is projected to undergo significant expansion in the upcoming years. It is anticipated to reach a value of $104.55 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%.
The reason behind this growth in the estimated period can be attributed to the global increase in demand for various applications, escalated demands in e-commerce, the rise in third-party logistics needs, higher demand for pharmaceuticals, and growing food and beverage needs. Noteworthy trends in the forecast period encompass the growing adoption of automation and robotics, enhanced demand for sustainable warehousing, increasingly relying on big data analytics, the rising trend in multi-story warehouses, and the growing utilization of cloud-based warehouse management systems.
Which Key Drivers Are Propelling The Storage And Warehouse Leasing Market's Growth?
The storage and warehouse leasing market is projected to expand, driven by the rising demand for warehousing and storage services. These services encompass the processes of storing, dealing with, and coordinating the goods and products for businesses and clients. Such leasing offers businesses adaptable and scalable storage options, enhancing inventory control and releasing capital and resources for primary operations. For example, the U.S. Bureau of Labor Statistics, an American governmental agency, reported that the count of warehousing and storage establishments rose from 21,938 in Q2 2023 to 22,671 in Q1 2024, which signifies around a 3.3% growth. As such, the growth in demand for storage and warehouse services is fueling the advancement of the storage and warehouse leasing market.
What Are The Key Segments Within The Global Storage And Warehouse Leasing Market?
The storage and warehouse leasing market covered in this report is segmented –
1) By Type: Non-Climate Controlled Storage, Climate Controlled Storage
2) By Lease Duration: Short-Term Leasing, Long-Term Leasing
3) By Application: Retail, Manufacturing, Food Industry, E-Commerce, Pharmaceuticals, Automotive, Other Applications
Subsegments:
1) By Non-Climate Controlled Storage: Standard Storage Facilities, Outdoor Storage Units, Drive-Up Access Storage Units
2) By Climate Controlled Storage: Temperature-Controlled Warehouses, Humidity-Controlled Storage Units, Cold Storage Facilities (Refrigerated And Freezer Units)
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How Are New Trends Impacting The Size Of The Storage And Warehouse Leasing Market?
The surge in technological developments is a prominent trend being witnessed in the storage and warehouse leasing market. Key businesses in this market are turning to technology to enhance operational efficiency and bolster their market standing. For example, Beijing Geekplus Technology Co. Ltd., a tech firm based in China, launched their product named Sky-Storage & Ground-Pick in April 2022. This system provides multilevel storage and retrieval solutions. Specifically, it is a four-way shuttle warehouse storage and pickup mechanism that enhances storage density and dedicates the ground level to picking operations, handled by their flagship P800 robots. This system has the potential to transform large warehouses into more compact, highly efficient storage and distribution centers.
Who Are the Key Players in the Storage And Warehouse Leasing Market?
Major companies operating in the storage and warehouse leasing market include:
• DHL Supply Chain
• CEVA Logistics
• Brookfield Business Partners LP
• CBRE Group Inc.
• Ryder System Inc.
• XPO Logistics Inc.
• Prologis Inc.
• Colliers International Group Inc.
• Public Storage Inc.
• Agility Public Warehousing Company K.S.C.P.
• Extra Space Storage Inc.
• CubeSmart L.P.
• Life Storage Inc.
• Kenco Group
• SEKO Logistics
• Global Logistic Properties (GLP)
• Radius Commercial Real Estate
• Lee & Associates Inc.
• Storage Asset Management
• StorageMart
• Central Storage And Warehouse Co
• HSA Commercial Real Estate
• Geodis (North America)
• American Warehouses Ltd.
• Adwise Realty LLP
• Avison Young.
What are the Regional Insights into the Storage And Warehouse Leasing Market?
North America was the largest region in the storage and warehouse leasing market in 2024. The regions covered in the storage and warehouse leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
