Storage and Warehouse Leasing Global Market Report 2024

The storage and warehouse leasing market size has grown strongly in recent years. It will grow from $65.39 billion in 2023 to $71.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The increase observed in the historical period can be ascribed to factors such as per capita disposable income, rental vacancy rates, homeownership rate, business sentiment, and the industrial production index.

The storage and warehouse leasing market size are expected to see strong growth in the next few years. It will grow to $95.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be linked to a surging global demand for various applications, an escalating need for e-commerce services, an increasing demand for third-party logistics, a rising demand for pharmaceuticals, and a growing demand for the food and beverage sector. Key trends expected in the forecast period comprise a rising adoption of automation and robotics, an increasing demand for sustainable warehousing, a growing reliance on big data analytics, a rising preference for multi-story warehouses, and an increasing utilization of cloud-based warehouse management systems.

The storage and warehouse leasing market is anticipated to experience growth due to the increasing demand for warehousing and storage services. These services involve the storage, handling, and management of goods and products for businesses or clients. Storage and warehouse leasing offer corporations adaptable and scalable storage solutions, optimizing inventory management and freeing up capital and resources for core operations. Notably, in April 2023, the Office for National Statistics reported a rise in warehousing and storage services in the UK, with an index value increasing from 111.60 in 2020 to 124.48 in 2021, underscoring the surge in demand driving the storage and warehouse leasing market.

The growth of the storage and warehouse leasing market is expected to be fueled by the e-commerce boom. E-commerce involves the online buying and selling of goods and services, and the storage and warehouse leasing market plays a crucial role in supporting this growth by providing essential infrastructure and logistical support. This ensures efficient inventory management, timely order fulfillment, and streamlined supply chain operations for online retailers. For instance, in November 2023, the Bureau of the Census reported that e-commerce sales accounted for 15.6% of total retail sales in the third quarter of 2023, marking a 7.6% increase from the same period in 2022. The total retail sales for the third quarter of 2023 were estimated at $1,825.3 billion, reflecting a 1.5% increase from the second quarter of 2023. This data underscores how the e-commerce boom is a driving force behind the storage and warehouse leasing market.

A prominent trend in the storage and warehouse leasing market is the adoption of technological advancements. Major companies in the market are leveraging technology to enhance operational efficiencies and maintain their market position. In April 2022, Beijing Geekplus Technology Co. Ltd. introduced the Sky-Storage & Ground-Pick, a multilevel storage and retrieval system that utilizes advanced technology to boost storage density and improve the efficiency of storage and distribution facilities in warehouses.

Strategic partnerships are a prevalent approach among major companies in the storage and warehouse leasing market to deliver high-quality services. This approach involves companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in June 2023, Ivanhoé Cambridge, a Canadian real estate company, formed a strategic partnership with Safely Store, a US-based self-storage investment platform. This collaboration aims to strengthen the storage and warehouse leasing market by focusing on redevelopment and acquisitions in recession-resilient Tier I and Tier II markets, diversifying Ivanhoé Cambridge's US real estate portfolio.

In May 2022, Weber Logistics LLC, a US-based shipping company, acquired Pacific Coast Warehouse Company. This strategic acquisition enables Weber Logistics to integrate businesses, diversifying its offerings to provide a combination of logistics and warehousing services. Pacific Coast Warehouse Company, a US-based transport and storage company, specializes in providing warehousing, final packaging, and transportation services on lease.

Major companies operating in the storage and warehouse leasing market report are 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.

North America was the largest region in the storage and warehouse leasing market in 2023. 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. The countries covered in the storage and warehouse leasing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Storage and warehouse leasing can be categorized into non-climate-controlled storage and climate-controlled storage. Non-climate-controlled storage pertains to facilities without regulated temperature or humidity control. Lease durations encompass short-term and long-term options, suitable for diverse applications such as retail, manufacturing, the food industry, e-commerce, pharmaceuticals, automotive, and more.

The storage and warehouse leasing market research report is one of a series of new reports that provides Storage and warehouse leasing market statistics, including storage and warehouse leasing industry global market size, regional shares, competitors with a Storage and warehouse leasing market share, detailed storage and warehouse leasing market segments, market trends and opportunities, and any further data you may need to thrive in the storage and warehouse leasing industry. This storage and warehouse leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The storage and warehouse leasing market includes revenues earned by entities by receiving and unloading, inventory management, storage and organization, and security and safety services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.