Warehouse rents rise, vacancies fall as import surge strains port markets
April 21, 2021 | Matt Leonard | Supply Chain Dive
Warehousing is a hot commodity these days, with consumers spending on physical goods and companies holding more inventory.
“With all of the volatility and consumer changes of the past year, retailers and manufacturers have learned to build-up a healthy safety stock of inventory to limit supply chain disruptions,” John Morris, executive managing director and leader of CBRE’s industrial and logistics business in the Americas, said in an emailed statement accompanying the analysis release.
E-commerce represented 25% of new lease signings for Prologis in Q1, Olinger said. “The balance of leasing is diverse, with outsized growth among companies that provide food and consumer products as well as renewed momentum in the construction segment as housing expands.”
