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Industrial space “effectively sold out” amid leasing frenzy, Prologis says

1 month ago   |   By

Global supply chain disruptions have sent industrial tenants into a leasing frenzy, pushing warehouse vacancy to unprecedented lows. Prologis' portfolio was 98 percent leased and just under 97 percent occupied at the end of the third quarter, the San Francisco-based warehouse REIT reported Friday. Moreover, its development pipeline was already 70 percent pre-leased - the firm's highest pre-lease rate ever. “Space in our markets is effectively sold out,” CFO Tom Olinger said on the firm's
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