Logistics real estate rents drop in US, Canada in 2024
An article from
Dive Brief
Southern California fueled much of the 7% decline, but demand could heat up this year, according to a Prologis report.
Published Feb. 6, 2025
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Dive Brief:
- Real estate rents for logistics facilities in the U.S. and Canada fell 7% last year as the COVID-19 pandemic’s effect on demand continued to wane, according to the 2024 Prologis Logistics Rent Index.
- Southern California drove much of the decline, as the key warehousing market saw rents decline over 20% after more than doubling from 2020 to 2022 amid surging demand, per the index. Excess supply also played a…
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