Southern California’s once-tight industrial real estate market is cooling with a rise in vacancy rates, driven by soaring rents and reduced imports, reports Savills.
U.S. warehouse rents hit record highs in Q2 2023 despite decreasing demand; long-term leases and new premium facilities influence trends.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
Warehouse tech startup Dexory secures $19 million in Series A funding to expand its AI and autonomous robot-driven inventory management solution.
Prologis, the world's leading industrial property company, acquires nearly 14 million square feet of logistics real estate from Blackstone, further strengthening its market position.