Last-mile logistics real estate operator Link Logistics said Monday fundamentals continued to stay strong across its portfolio during the second quarter.
The company signed 418 leases in the period representing 13.3 million square feet of space. Its portfolio was 96.4% leased on a same-store comparison, which was 160 basis points lower year over year.
However, blended cash leasing spreads — a comparison of new rents to expiring rents — were 52% and much higher than the level booked in the...
https://www.freightwaves.com/news/link-logistics-sees-rent-renewals-jump-in-q2