Prologis Sees Structural Changes to Logistics Real Estate in Wake of Coronavirus
March 18, 2020 | Sarah Borchersen-Keto | Nareit
In the latest edition of the Nareit REIT Report podcast, Chris Caton, global head of strategy and analytics at Prologis, Inc. (NYSE: PLD), discussed the impact of COVID-19 on the warehouse and logistics industry.
The current uncertainty is likely to be a headwind for the economy and all forms of real estate, logistics real estate included, Caton said.
In the short term, supply chains will see a delay in the transmission of product, according to Caton. Over the medium and long term, however, he sees three key developments that could result in higher demand once uncertainty subsides:
