Prologis Research

Prologis report sees modest uptick in logistics warehouse vacancies

Prologis Research's outlook on logistics real estate supply

The U.S. logistics warehouse system will experience relatively modest upticks in vacancy rates through the balance of the year and into 2023 as demand cools and supply chain bottlenecks ease, allowing more capacity to come online, the research unit of Prologis Inc. said Thursday.

In a report that mostly focused on second-quarter activity, Prologis (NYSE: PLD) said vacancy rates, which remained at an all-time nationwide low of 3.1% in the quarter, are expected to rise to 3.2% by the end of 2022...

https://www.freightwaves.com/news/prologis-report-sees-modest-uptick-in-logistics-warehouse-vacancies

Prologis: US logistics real estate market hits record-low 16-month supply

Prologis facility at Houston airport

Several data points provided Wednesday by logistics real estate provider Prologis showed warehouse space is likely to remain constrained for some time.

A new metric, “true months of supply (TMS),” which compares current vacancies plus the development pipeline to trailing net absorption, has fallen to 16 months in Prologis’ 30 U.S. markets. Historically, that metric hovers around 36 months during expansionary periods and prior to 2021, it has never dipped below 32 months.

TMS data has an 80% or...

https://www.freightwaves.com/news/prologis-us-logistics-real-estate-market-hits-record-low-16-month-supply

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

Prologis sees further tightening in logistics real estate supply

Logistics real estate in urban areas remains in short supply

A June research report from Prologis (NYSE: PLD) points to several supply headwinds in industrial real estate markets that will make new facility completions fall short of demand over the next decade.

The research arm of the San Francisco-based logistics real estate investment trust said land shortages, additional building requirements, increased replacement costs and permitting difficulties are some of the reasons supply will remain tight and rents will continue to rise.

Few spaces available in...

https://www.freightwaves.com/news/prologis-sees-further-tightening-in-logistics-real-estate-supply

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

Pandemic has ‘forever altered’ need for logistics space — Prologis

Prologis Research's outlook on logistics real estate supply

The research arm of San Francisco-based real estate investment trust Prologis Inc. (NYSE: PLD) said in a report issued Wednesday the pandemic has “forever altered” the landscape for logistics real estate.

“The long-term structural growth rate of logistics real estate has risen” as “economic growth now requires more logistics real estate than in the past,” Prologis Research asserts. Not surprisingly, the surge in e-commerce fulfillment is driving the change.

E-commerce fulfillment requires more...

https://s29755.pcdn.co/news/pandemic-has-forever-altered-need-for-logistics-space-—-prologis

Logistics property rents step higher amid pandemic — Prologis report

Logistics rents to increase 5% in 2021

Global rents on industrial real estate properties increased 2.9% during 2020, according to logistics real estate giant Prologis Inc. (NYSE: PLD) Even with several sectors of the economy meaningfully impacted by the pandemic, tenants were willing to pay up for logistics space.

The San Francisco-based company published its annual Logistics Rent Index Wednesday.

The report showed rents in the U.S. and Canada climbed 3.2% during the year as surging e-commerce growth accelerated need for current and...

https://www.freightwaves.com/news/logistics-rents-step-higher-amid-pandemic-prologis-report

The Daily Dash: Celadon, one year later; COVID lawsuits pile up

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves writer Clarissa Hawes talks to former Celadon drivers one year after the company’s collapse. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.

One year later, it still hurts

It’s been one year since truckload carrier Celadon suddenly shut down, and former truck drivers remain bitter about the closure.

Clarissa Hawes talks to former Celadon...

https://www.freightwaves.com/news/the-daily-dash-celadon-one-year-later-covid-lawsuits-pile-up

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