Inventories in warehouses are high, and experts are not expecting anything less any time soon. Demand for storage space remains firm, according to Prologis, a logistics real estate company. Prologis projects that rents for these inventory spaces to increase 10% in the U.S. in 2023 and about 9% globally. Even with these numbers, the company states that they’re being conservative with their estimates, and that the rent increases may be higher. An article published by Freight Waves accounts Prologis’ outlook for the 2023 logistics spaces and what we may see for warehouse rentals in the coming year.
To read the article, click here.