It used to be 28%. '

There are 60 million square feet in conversions planned or underway.

Prologis looks at several technologies reshaping supply chains.

There is a shortage of available manufacturing space and not enough power availability or labor supply.

The REIT calls it the supply chain productivity paradox.

Meanwhile inventory will rise by 3.2% over the next 12 months.

Markets with the lowest vacancy rates were all seaports.

Net absorption increased 12.6% quarter-over-quarter while deliveries fell 5.1%.