US warehouse space will be at a premium this year, cargo owners warned
Prologis ended 2024 on a high note. The commercial real estate behemoth leased 61m sq ...
China’s warehousing sector – in recent years one of the bright spots in its struggling economy – now appears to be another piece of the mosaic on the downturn: vacancies have jumped, sending rents down and wiping out frothy predictions of growth.
According to commercial real estate services firm Cushman & Wakefield, vacancy rates are flirting with the 20% threshold. In the east and north of China, the rate hit 19.2% in the first quarter.
Nationwide Cushman & Wakefield sees a vacancy ...
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