Despite the pandemic, rents for industrial real estate increased by nearly 3 percent worldwide in 2020, according to Prologis in its annual Logistics Rent Index.
In North America, outperformance in demand resulted in healthy rent growth and in Europe, recovery materialized as the market likewise benefited from growing secular trends and limited supply.
Prologis Research anticipates a continuation of growth trajectory across the company’s markets globally. And outperformance of regional distribution markets, which benefited from big-box demand in 2020, may normalize in 2021 and beyond as new supply begins to be delivered in low-barrier submarkets.
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