freight market
US Warehouse Rents Climb Amid Slowing Demand
Paul-Bernard Jaroslawski · June 5, 2023 · 1 min read
Despite a decline in US warehouse demand, rents are escalating due to constricted new capacity and stringent lending norms, with Prologis predicting a 10% increase this year; at the same time, building starts have fallen dramatically and available capital has reduced, due to the weakened market and high-interest rates.
Source: The Load Star
Slower demand, but US warehouse rents rise in 'tight and expensive' market https://t.co/j32aR98BPw— The Loadstar (@theloadstar) June 1, 2023
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