Builders continue to grapple with ongoing supply chain disruptions and labor shortages that are delaying completion times and putting upward pressure on building material and home prices.
"When considering relocation, we prioritized a space that allowed for continued and sustained growth and served as a physical representation of Reed Smith's reputation in the market — thriving, soaring, energetic and well-connected."
Prologis said space is effectively "sold out"; issues blockbuster Q3 earnings report; big-box market sets a record for occupancy in a six-month period.