Prologis

Prologis found that rent growth for global logistics real estate rose 6% annually in 2023, following a record 30% gain in 2023, which the firm said underscores the resilience of logistics real estate fundamentals,

The national vacancy rate remaining low, at 4.8%, compared to a historical expansionary average of 6.1%, even as the pace of new deliveries quickened and added 70 basis point to market vacancies

The ongoing emergence, as well as the potential, of AI (artificial intelligence) was a major theme of the annual Groundbreakers thought leadership forum hosted by San Francisco-based real estate investment trust company Prologis in San Diego this week.

The research paper, entitled “Future Proofing the Global Supply Chain:  How AI, Automation and Other Technologies Are Impacting Efficiency,” noted that logistics real estate investments outpaced revenue growth by 57% over the past decade despite advancements in automation and data analytics, which it labeled “the supply chain productivity paradox.”

San Francisco-based real estate investment trust company Prologis made a major acquisition this week, in rolling out its plans to acquire roughly 14 million square-feet of industrial properties “from opportunistic real estate funds” affiliated with New York-based global real estate investor Blackstone Real Estate.

Agreement for DC space expands Prologis's presence in key markets including Atlanta, California, Dallas, and Las Vegas. The transaction is currently expected to close by the end of the second quarter.

The most recent edition of the Industrial Business Indicator (IBI), which was issued by San Francisco-based real estate investment trust company Prologis, presented what could be viewed as a somewhat mixed outlook for the industrial real estate sector, in terms of vacancy, rents, and space utilization, among other factors.

Insights on supply chain constraints, automation momentum, shared during Groundbreakers 2022 event keynote that featured Prologis Co-founder and CEO Hamid Moghadam and Dave Clark, Co-CEO of San Francisco-based freight forwarding and customs brokerage services provider Flexport.

The session, which featured Prologis Co-founder and CEO Hamid Moghadam and Dave Clark, Co-CEO of San Francisco-based freight forwarding and customs brokerage services provider Flexport, began with the executives taking a look at what they viewed as the key trends and themes within the supply chain.

Under the terms of the deal, the all-stock transaction, which Prologis said is valued at approximately $23 billion and was approved by Prologis and Duke shareholders, includes the assumption of debt, with the company adding it “expands Prologis’ presence in key U.S. markets.

Following its most recent overture in early May, which was denied, San Francisco-based real estate investment trust company Prologis said it had finally closed the deal, announcing it had entered into a definitive merger agreement to acquire Indianapolis-based Duke Realty Corporation, a sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust).

San Francisco-based real estate investment trust company Prologis signaled its desire to buy Indianapolis-based Duke Realty Corporation, a sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust).

The most recent edition of the Industrial Business Indicator (IBI), which was issued by San Francisco-based real estate investment trust company Prologis continued to highlight ongoing trends in the industrial real estate sector, relating to vacancy, rents, and space utilization, among other factors.

The company's Industrial Business Indicator (IBI) report stated that in the fourth quarter, United States vacancy, at 3.4%, dropped to an all-time low and is expected to remain at historic lows through 2022, with market rents pegged to increase by another 10%

At last week’s “Groundbreakers 2021: Breaking New Ground” conference hosted by Prologis last week, the company’s CEO Hamid Moghadam explained that the need for warehouse availability and capacity, driven by ongoing levels of high demand, are also up against concerns of people and businesses not wanting warehouses in close proximity to their neighborhoods.