Last-mile real estate operator Link Logistics broadened its portfolio again in the third quarter and said demand for well-positioned locations remains favorable.
The company signed 766 leases representing 24.4 million square feet of space in the period. Its portfolio was 96.4% leased on a same-store comparison, which was 100 basis points lower year over year (y/y) but level with the second quarter.
Blended cash leasing spreads — a comparison of new rents to expiring rents — were 57% in the...
https://www.freightwaves.com/news/link-logistics-reports-strong-demand-for-last-mile-locations