News / US warehouse construction starts to plummet, but rents remain at lofty levels

© Endostock

One by one, sectors in the US logistics industry have watched prices slump from the peaks of 2022.

Ocean carriers and truckload operators led the downward charge, followed by air cargo carriers and LTL providers – even parcel rates have come under pressure.

Warehousing rates, however, seemed impervious to the weakening market and may well remain at lofty levels, as construction of new facilities has slowed to a crawl.

Commercial real estate information firm CoStar ...