New details in Prologis’ Industrial Business Indicator report show just how much of an uphill climb supply will have before it meets current and future demand.
Global supply chain disruptions have sent industrial tenants into a leasing frenzy, pushing warehouse vacancy to unprecedented lows. Prologis’ portfolio was 98 percent leased and just under 97 percent occupied at the end of the third quarter, the San Francisco-based warehouse REIT reported Friday. Moreover, its development pipeline was already 70 percent pre-leased — the
Industrial rents continued to climb in the third quarter, as leasing soared in Miami-Dade and Broward counties, according to a recently released report.
Bridge Industrial has the largest undeveloped tract of land in Doral under contract and plans an industrial park there. Bridge Industrial Acquisition, an affiliate of Chicago-based Bridge Industrial, formerly called Bridge Development Partners, filed a municipal pre-application with Miami-Dade County for the 175.2-acre site at the southwest corner of Northwest 107th Avenue and Northwest 41st
