EQT Exeter CEO talks about U.S. logistics sector
Ward Fitzgerald, CEO of EQT Exeter, the fifth-largest owner of industrial real estate worldwide, discusses the fundamentals and challenges in the U.S. logistics sector, which in the fourth quarter is facing headwinds right now.
In addition, as the 2023 holiday season approaches, Fitzgerald gives his insights on consumer behavior. He also shares his thoughts for ESG for properties and AI for the sector.
What are the challenges for the U.S. logistics sector?
First, high interest rates that affect cash flows and values.
Second, decreasing demand for space. A lot of folks in the industry will say that demand for space is still strong because they don’t want their investments to come under scrutiny or their values to be questioned. That’s just false. The number of prospects, showings and leases out for si