Prime logistics rents increase globally
Global prime logistics rents are on the rise because of the voracious demand e-commerce fulfillment and distribution centers, according to CBRE Group’s inaugural Global Prime Logistics Rents report. Prime logistics rents increased 2.8 percent year-over-year globally in 2015, led by double-digit percentage gains in U.S. coastal markets.
Six of the 10 markets with the fastest-growing prime logistics rents globally were in the United States, where relentless occupier demand in U.S. coastal markets drove up pricing. Oakland, Calif., is number one with a nearly 30 percent gain, followed by New Jersey with a 15 percent gain and Southern California’s Inland Empire with a 13.5 percent gain. Other U.S. cities in the top 10 for fastest growing prime logistics rents include Los Angeles–Orange County in seventh place, Dallas–Fort Worth in eighth place and Atlanta in ninth place.
Overall, growth in prime logistics rents in the Americas in 2