logistics warehouses

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

Prologis eyes Blackstone’s $23 billion last-mile portfolio

Prologis reported to make offer on Europe's largest final-mile portfolio

Logistics real estate giant Prologis has reportedly issued a nonbinding offer to acquire a portfolio of more than 1,700 warehouses held by Blackstone’s Mileway segment. The offer of 21 billion euros ($23.1 billion) would mark the largest private real estate deal ever inked, according to multiple news outlets.

Blackstone (NYSE: BX) announced in February plans to recapitalize Mileway, a last-mile logistics real estate portfolio located throughout 10 European countries. The unit operates more than...

https://www.freightwaves.com/news/prologis-eyes-blackstones-23-billion-last-mile-portfolio

Few empty offices likely to transition to logistics centers, Prologis says

New logistics space to be limited for some time.

Expanding e-commerce demand and the incremental inventory and space it takes to run a successful e-fulfillment platform has pushed logistics real estate availability to new lows. But don’t expect an abundance of vacant office spaces to bridge the gap, according to a Monday report from logistics real estate investment trust Prologis.

The company’s research division concluded in a report that differences in building requirements and tough zoning regulations would lead to minimal conversions of...

https://www.freightwaves.com/news/few-empty-offices-likely-to-transition-to-logistics-centers-prologis-says

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

Warehouse, transportation capacity tight with retailers potentially ‘over-ordering’

Warehouse availability contracts as inventory levels rise, LMI report says

Tightness throughout the transportation, logistics and warehousing sectors carried through the end of the year, according to a report published Tuesday. The Logistics Managers’ Index (LMI), a survey measuring supply chain activity, registered a reading of 70.1 during December.

The LMI is a diffusion index, wherein a reading above 50% indicates expansion and a reading below 50% indicates contraction.

While the index was down 3.3 percentage points from November, the industry continues to see...

https://www.freightwaves.com/news/warehouse-transportation-capacity-tight-with-retailers-potentially-over-ordering

Transportation, warehouse capacity lacking, costs soar in November

Lack of space, capacity sends supply chain costs higher in November

A key supply chain report published Tuesday showed further growth and tightening during November. The Logistics Managers’ Index (LMI), a survey measuring activity throughout the transportation, logistics and warehousing sectors, expanded 80 basis points from October to 73.4%.

The LMI is a diffusion index, wherein a reading above 50% indicates expansion and a reading below 50% indicates contraction.

“Overall growth has now been over 70.0 — a level we would classify as significant expansion — 10...

https://www.freightwaves.com/news/transportation-warehouse-capacity-lacking-costs-soar-in-november

The GXO story begins to take shape

When you are a trailblazer, it can be difficult to quantify success. But for GXO Logistics, its first quarter earnings as a standalone company represented a good first step.

But it is just that, a first step.

“There is category creation taking place. There is nothing like this in the market today,” Mark Manduca, chief investment officer for GXO, told Modern Shipper following the Q3 announcement on Nov. 1, before rattling off what GXO is trying to accomplish. He cited a business with technology at...

https://www.freightwaves.com/news/the-gxo-story-begins-to-take-shape

Prologis report details spike in logistics real estate activity

Demand for logistics space surges

Results of a quarterly industrial real estate survey conducted by Prologis (NYSE: PLD) showed a surge in activity in response to “strong retail sales and inventory restocking.”

After steadily increasing from a reading of 56 in the fourth quarter to 59 in the first quarter, Prologis’ Industrial Business Indicator jumped to a late-April reading of 68, “reflecting increased throughput and indicating strong future demand growth,” the report stated.

The 68 reading was the highest level reached on the...

https://s29755.pcdn.co/news/prologis-report-details-spike-in-industrial-real-estate-activity

Logistics space in high demand, rents moving up

Demand for logistics warehouse space continues to grow

Logistics real estate provider Prologis Inc. (NYSE: PLD) pointed to a continuation in positive momentum from the fourth quarter as the catalyst for better-than-expected first-quarter results.

The San Francisco-based company reported core funds from operations of 97 cents per share Monday, 3 cents ahead of consensus and 14 cents higher than the year-ago quarter.

“Demand driven by the powerful economic recovery, retail revolution and higher inventory levels has unfolded more strongly than we...

https://www.freightwaves.com/news/logistics-space-in-high-demand-rents-moving-up

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