AI is poised to redefine every stage of industrial real estate—from planning and site selection to warehouse operations and workforce efficiency. Whether it ultimately increases or reduces overall demand for space remains to be seen.
The demand for smart buildings is rising with industrial tenants increasingly drawn to properties designed for robotics, AI-powered warehouse management, and high-capacity electrical systems.
The “smart” warehouse is more than a sci-fi fantasy. This vision of a futuristic warehouse is closer to reality than you might think. While these technologies offer promising benefits, their implementation can be challenging as well.
Artificial intelligence is expected to drive demand for data centers and is giving the world’s largest industrial property company tremendous confidence in future growth. Every time a warehouse is converted to a data center, Prologis pick up $500 a foot of value.
Evolving in recent years, manufacturing facilities, warehouses, and distribution hubs have all been influenced by developments in technology, sustainability, and customer expectations. Take a look at some of the trends that are shaping the industrial property space for 2024 and beyond.