Demand for warehouse space in the US has been declining – but this has not stopped rents rising.
According to real estate investment trust Prologis, they will increase by 10% this year.
The slowdown in global trade is finally nudging the vacancy rate in the US warehousing market upwards. In the first quarter, the national vacancy rate climbed to 3.5%.
That’s up 50 basis points from the final quarter of 2022 and the …
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