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US warehouse rents will defy logistics transportation rate drop -Prologis CEO

Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world's largest warehouse landlord told Reuters on Tuesday. Still, warehouse rent hikes are moderating as the market returns to more normal conditions, said Hamid Moghadam, the top executive at Prologis. "It's not going to be like it was in the last three or four years," he said, adding that he now expects rents to grow at the rate of inflation plus "a litt...
Long Beach United States Matthew Lewis Lisa Baertlein Los Angeles Cushman Wakefield
Source: yahoo.com

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