industrial warehouse rents

Warehouses will be a tough find through 2023

Industrial rents unlikely to cool anytime soon

The industrial real estate market will likely see low vacancies and high rents for at least another two years, according to a report from commercial real estate services firm JLL Inc.

On the demand side, companies are taking on larger inventory positions to avoid future supply shocks and stockouts, which have been prevalent throughout the pandemic. Further, e-commerce platforms require incremental inventories positioned closer to the end consumer in order to meet tight delivery schedules. In the...

https://www.freightwaves.com/news/warehouses-will-be-tough-to-find-through-2023

Inventories clog supply chain again in February

Supply chain likely to stay bogged down with inventory

A Tuesday report showed activity across the supply chain was near record levels again in February. A sizable amount of inventory in the system was met by a lack of capacity to either move it or store it, a trend that continued from January.

The Logistics Managers’ Index (LMI), a survey measuring supply chain conditions, came in at 75.2 during the month, 3.3 points higher than January and the second-highest level recorded in the dataset’s five-year history. This was the 13th consecutive month the...

https://www.freightwaves.com/news/inventories-clog-supply-chain-again-in-february

Prologis: Logistics rents grew at fastest pace recorded during 2021

E-commerce growth pushing warehouse rents to new records

Logistics real estate rents increased 17.6% in the U.S. and Canada during 2021, according to a Thursday report published by logistics real estate investment trust Prologis Inc. Globally, rents were 15.4% higher, with Europe seeing growth of just 7.2%.

“Bidding wars for space are increasing as available logistics space drops,” the Prologis (NYSE: PLD) report read. “As demand outstrips supply, vacancies are at record lows across the globe.” Vacancies fell 140 basis points during the year, ending at

https://www.freightwaves.com/news/prologis-logistics-rents-grew-at-fastest-pace-recorded-during-2021

Prologis sees record rent growth for logistics space

Logistics real estate market tightens further

Management from logistics real estate investment trust Prologis Inc. (NYSE: PLD) on Monday raised the company’s 2021 rent growth forecast by 40 basis points to 10.3% in the U.S and by 300 bps to 8% globally.

Rents in the U.S. were up nearly 7% in the first half of the year, which was a record.

“There’s an ability to push through pricing today,” Hamid Moghadam, chairman and CEO, said on a call with analysts. “You have retail sales jump 20% from pre-pandemic levels and a supply chain that’s drying...

https://www.freightwaves.com/news/prologis-sees-record-rent-growth-for-logistics-space