The world’s largest logistics warehouse operator said publicly on Friday what everyone has sensed and experienced for many months: There is no more space to be had, at least right now.
Prologis Inc. (NYSE:PLD) Chairman and CEO Hamid R. Moghadam said in the San Francisco-based third-quarter earnings report that “space in our markets is effectively sold out.” Given that Prologis operates 995 million square feet of logistics warehouse space in 19 countries, that represents a lot of markets.
The...
https://www.freightwaves.com/news/no-more-room-at-the-logistics-warehouse-inn-prologis-says