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Research - MAY 1, 2020

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Logistics real estate industries outperform national average

by Andrea Zander

March retail sales highlight the resilience and outperformance of logistics, said Prologis Research in its fourth installment of its special report on COVID-19 and its implications for logistics real estate. In total, logistics real estate industries outperformed the national average by 730 basis points, with a decline of 1.4 percent versus a drop of 8.7 percent for all of retail.

New behaviors have created significant challenges in some industries. In total, identifiable direct logistics real estate exposure to the most hard-hit industries (auto sales, travel/tourism/conventions/entertainment, restaurants, department stores, and aerospace/oil and gas) is small, at 3 percent to 4 percent of the customer base. However, segments of the aforementioned industries will likely also face challenges, particularly small- to mid-sized customers that, irrespective of government support, don’t have the operational flexibility to handle a pandemic. Segments with a notable concentration

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