Warehousing confusion as Amazon cuts space allocations pre-peak
After some easing earlier in the year, warehousing constraints and pricing in the US appear ...
ProLogis Torrance Centre 5, California
Prologis ended 2024 on a high note. The commercial real estate behemoth leased 61m sq ft of warehouse space in the fourth quarter, setting a new company record, and with a large chunk of the business signed in December.
The company’s report on last year’s market shows a reversal from the highs of the preceding years. Global logistics rents sank 5%, with a 7% drop in the US and Canada, while rents retreated 1% in Europe.
Comment on this article
Michael Mierwinski
February 06, 2025 at 4:54 pmWhere have you been? Warehouse has been at a premium for well over 5 years. They can’t tilt up the concrete quick enough and Prologis has a great model in their super profitable (for them) clear lease.
Alex Lennane
February 06, 2025 at 5:02 pmI think that is all explained in the article…