Raising the Rent -- and the Ceiling -- on Industrial Real Estate

·4 min read
Raising the Rent -- and the Ceiling -- on Industrial Real Estate

The current state of industrial real estate was nicely summarized in a report by Prologis (NYSE: PLD) in which the largest real estate investment trust (REIT) of its kind says that logistics warehousing space is effectively sold out. Demand from e-commerce, manufacturers, and suppliers of all kinds has pushed the vacancy rate to a new low of 3.9%, and rent grew a record 7.1% quarter over quarter in 3Q21, Prologis says.

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