Top 5 Largest Industrial Real Estate Companies in 2024

Last Updated: February 2024

Industrial Real Estate

The industrial real estate sector in the United States represents a significant component of the national economy. Anchored by major companies, this sector facilitates a vast array of logistical, manufacturing, and distribution activities. The five largest industrial real estate companies play a pivotal role in shaping this landscape. Their expansive portfolios and strategic management of properties enable crucial support for various industries.


Top 5 Industrial Real Estate Companies in the United States

Below we delve into the profiles of these top companies, exploring their history, services, and the role they play in shaping the commercial real estate industry in the United States. These industry leaders are ranked based on factors such as number of properties, revenue, among other things.

1. Prologis

Prologis

Prologis Key Statistics:

  • Founded: 1983
  • Portfolio Size: 1.2 Billion square feet in 19 countries
  • Customer Base: Approximately 6,700 customers across various sectors
  • Market Presence: Strong focus in high-barrier, high-growth areas
  • Property Types: Industrial Logistics

Prologis, Inc., established as a global leader in logistics real estate, distinguishes itself with a focus on high-barrier, high-growth markets. As of September 2023, Prologis owns or has investments in properties and development projects amounting to approximately 1.2 billion square feet, spread across 19 countries. The company primarily leases modern logistics facilities to a diverse customer base, which includes major players in both business-to-business and retail/online fulfillment sectors. With a solid foundation and strategic market presence, Prologis continues to shape the landscape of logistics real estate on a global scale.

2. STAG Industrial

STAG Industrial Key Statistics:

  • Founded: 2010
  • Portfolio Size: 112 million square feet across 41 states
  • Enterprise Value: $8.9 billion
  • Property Types: Industrial Logistics

STAG Industrial Inc. is a real estate investment trust (REIT) that specializes in the acquisition, ownership, and operation of industrial properties throughout the United States. The company employs a unique investment strategy, focusing on relative value across various locations, industrial property types, and tenants, guided by its proprietary risk assessment model. As of September 30, 2023, STAG Industrial’s portfolio includes an impressive 568 buildings across 41 states, encompassing approximately 112.0 million square feet. Their approach balances income generation and growth, catering to a diverse tenant base and prioritizing efficient industrial property management and capitalization.

3. First Industrial Realty Trust

First Industrial Realty Trust

First Industrial Realty Trust Key Statistics:

  • Founded: 1993
  • Portfolio Size: 69 million square feet
  • Property Types: Industrial: Build-to-Suit, Move-In Ready, New Construction

First Industrial Realty Trust, Inc. is a preeminent U.S.-based owner, operator, developer, and acquirer of logistics properties, specializing in serving multinational corporations and regional firms integral to their supply chains. Focused exclusively on U.S. markets, the company’s portfolio and new investments are concentrated in 15 major market areas, prioritizing regions with supply constraints and coastal orientations. As of September 30, 2023, First Industrial owns and is developing around 69.4 million square feet of industrial space. They stand out for their integrated operating and investing platform, offering high-quality facilities and leading customer service in the logistics real estate sector.

4. Industrial Logistics Properties Trust

Industrial Logistics Properties Trust Key Statistics:

  • Founded: 2017
  • Portfolio Size: 60 million square feet
  • Geographical Spread: Properties located across 39 states
  • Property Types: Industrial

Industrial Logistics Properties Trust (ILPT) is a real estate investment trust (REIT) that specializes in owning and leasing industrial and logistics properties across the United States. As of September 30, 2023, their portfolio includes 413 properties encompassing about 60 million rentable square feet, boasting a high occupancy rate of 98.9%. ILPT focuses on properties that cater to the growing e-commerce sector, reflecting the shift in the U.S. retail industry from traditional stores to online platforms. Since becoming a publicly traded REIT in January 2018, ILPT has made significant strides in the logistics real estate market.

5. EastGroup Properties

EastGroup Properties

EastGroup Properties Key Statistics:

  • Founded: 1969
  • Portfolio Size: 59 million square feet
  • Market Focus: Major Sunbelt markets in the United States
  • Primary Property Type: Industrial properties

EastGroup Properties, Inc. is a self-administered equity real estate investment trust, focusing on the development, acquisition, and operation of industrial properties in the Sunbelt regions of the United States, notably in Florida, Texas, Arizona, California, and North Carolina. They aim to maximize shareholder value by providing high-quality business distribution space, particularly in the range of 20,000 to 100,000 square feet, to location-sensitive customers. Their strategy is grounded in owning premier distribution facilities in supply-constrained submarkets near major transportation features. The company’s portfolio, as of now, includes approximately 59.1 million square feet of space, encompassing both development projects and value-add acquisitions in lease-up and under construction.

Rating Methodology

Companies were ranked based on portfolio square footage. Any numerical figures are retrieved from publicly accessible materials, and believed to be accurate as of the last update of this page.

Largest Industrial Real Estate Companies FAQ

Who are the Top 10 Industrial Real Estate Companies in the United States?

The United States industrial real estate market is dominated by several key players, each with significant holdings and influence in various property sectors. These companies are known for their large portfolios, strategic investment approaches, and their roles in shaping real estate trends nationally.

Top 10 Industrial Real Estate 10 Companies

  1. Prologis
  2. STAG Industrial Inc.
  3. First Industrial Realty Trust Inc.
  4. Industrial Logistics Properties Trust 
  5. EastGroup Properties Inc.
  6. Equinix
  7. DigitalBridge Group
  8. Americold Realty Trust
  9. Digital Realty Trust Inc.
  10. Majestic Realty Co.

What are Top Publicly Traded Industrial Real Estate Companies?

The top 10 publicly traded industrial real estate companies are significant players in the market, each with a distinct presence and investment appeal. These real estate stocks are known for their large portfolios, strategic locations, and diversified tenant bases.

Top Publicly Traded Industrial Companies


How Do The 5 Largest Industrial Real Estate Companies Differentiate Themselves?

The five largest industrial rental real estate companies in the United States each have unique characteristics that set them apart in the market. Their differentiating factors range from geographical focus and portfolio size to specific market strategies and tenant diversification.

CompanyGeographical FocusPortfolio SizeMarket StrategyTenant Diversification
PrologisGlobalLargestE-commerce and logistics focusBroad
STAG Industrial IncNationwideDiverseSingle-tenant focusVaried
First Industrial Realty Trust, Inc.Key U.S. marketsFocusedFlexibility and functional spacesRegional and National
Industrial Logistics Properties TrustU.S., with emphasis on HawaiiMixedLong-term ground leases, logistics emphasisDiverse
EastGroup Properties, Inc.Sunbelt regionsSelectiveBusiness distribution spacesLocation-sensitive

Current trends influencing the growth of industrial real estate companies include the surge in e-commerce, which demands more warehouse and distribution space. The global shift towards online shopping, accelerated by the COVID-19 pandemic, has increased the need for efficient logistics facilities. Additionally, supply chain optimization is driving demand for strategically located industrial properties. Urbanization and technological advancements in warehousing are also shaping the landscape, as companies seek modern facilities closer to consumer markets for faster delivery times. These trends collectively contribute to the robust growth and evolving strategies in the industrial real estate sector.

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