The U.S. logistics warehouse system will experience relatively modest upticks in vacancy rates through the balance of the year and into 2023 as demand cools and supply chain bottlenecks ease, allowing more capacity to come online, the research unit of Prologis Inc. said Thursday.
In a report that mostly focused on second-quarter activity, Prologis (NYSE: PLD) said vacancy rates, which remained at an all-time nationwide low of 3.1% in the quarter, are expected to rise to 3.2% by the end of 2022...