Rent growth for industrial properties will accelerate through 2021 to 6.5% for the full year, Prologis Research has predicted.
In addition to fueling the rent increases, robust demand could lead to an acute lack of logistics space, the company noted.
"Taken together, these trends likely portend a challenging leasing environment through the near term, making advanced planning for upcoming requirements crucial for successful network expansion," Prologis advised.
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