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
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