Global rents on industrial real estate properties increased 2.9% during 2020, according to logistics real estate giant Prologis Inc. (NYSE: PLD) Even with several sectors of the economy meaningfully impacted by the pandemic, tenants were willing to pay up for logistics space.
The San Francisco-based company published its annual Logistics Rent Index Wednesday.
The report showed rents in the U.S. and Canada climbed 3.2% during the year as surging e-commerce growth accelerated need for current and...
https://www.freightwaves.com/news/logistics-rents-step-higher-amid-pandemic-prologis-report