US Warehouse Rents Climb Amid Slowing Demand

US Warehouse Rents Climb Amid Slowing Demand
Photo by Elevate / Unsplash

Despite a decline in US warehouse demand, rents are escalating due to constricted new capacity and stringent lending norms, with Prologis predicting a 10% increase this year; at the same time, building starts have fallen dramatically and available capital has reduced, due to the weakened market and high-interest rates.

Source: The Load Star

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