📦 U.S. logistics keeps drawing capital as leasing demand broadens

Large-scale industrial deals are still getting done in the U.S. even as commercial real estate remains uneven. Recent portfolio activity, listed-company earnings and leasing data all point to a logistics segment that continues to outpace weaker parts of the market.

That backdrop matters because industrial has been one of the few U.S. property sectors to keep attracting institutional capital. Reuters reported that EQT Real Estate completed a purchase of a 1.6 million-square-foot U.S. logistics portfolio, while CBRE said the number of U.S. industrial leases of at least 1 million square feet more than doubled in the first half of 2026.

The data

The latest signals from the sector suggest that demand is still concentrating in infill and transport-linked markets. Prologis said it raised its 2026 outlook after reporting record leasing and stronger fundamentals, while Rexford Industrial updated its full-year 2026 guidance after second-quarter results.

• EQT Real Estate bought a 1.6 million-square-foot logistics portfolio across key U.S. infill markets
• CBRE said the number of 1 million-square-foot-plus industrial leases more than doubled in H1 2026
• Prologis raised its 2026 outlook after record leasing and stronger fundamentals

What it means for investors

The pattern suggests industrial demand is broadening rather than narrowing, with occupiers still prioritizing locations that reduce transport time and support distribution efficiency. That supports pricing power for well-located assets even if the wider commercial market remains mixed.

The investment case for logistics is being reinforced by leasing depth, not just by scarcity of product.

There is also a clear market split forming inside U.S. real estate: infill logistics is benefiting from tenant demand and institutional competition, while office remains in a slower stabilization phase and retail continues to trade on resilience rather than growth. For capital allocators, that divergence is likely to keep industrial at the front of transaction activity.

Bottom line

The latest numbers signal that U.S. logistics remains one of the clearest institutional preferred trades in commercial real estate, with capital still following occupancy, connectivity and scale.