In Seven Supply Chain Predictions for 2024, the logistics development powerhouse makes some appropriately large-scale forecasts. And how did Prologis’s forecasts for 2023 fare? A bit mixed, but more right than wrong.
South Florida’s industrial properties remain a valuable commodity for landlords and real estate investors as vacancies hover near record lows and rents continue to rise, developers and brokers say. However, with more warehouses being built and businesses less desperate for storage space, the wild days of annual double-digit rent hikes are long gone.
A concept called the Rule of 1.5 finds that transportation issues impact real estate 1.5 years later. In other words, the concerns specific to the supply chain sector today, will be addressed by industrial real estate over the next 18 months with every year having a new wrinkle.
The CBRE 2020 Real Estate Market Outlook Report examines the current state of U.S. commercial real estate, outlining the many possible challenges and opportunities the industry could face throughout 2020.
Some industries that drove demand in South Florida’s warehouse market — such as flowers — are shrinking due to the coronavirus pandemic. But one is growing: Pharma. While commercial travel is now restricted, cargo airlines are expanding flights to meet increasing demand for pharmaceutical products leaving Europe. Some shipments that would normally travel in the belly