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How Prologis Calculated That Industrial Rents Will Rise 22% This Year

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Prologis Research has issued an updated industrial outlook for 2022 that increases its industrial rent-growth forecast for this year to 22%.

Prologis said unprecedented “pent-up” demand for warehouse space due to e-commerce growth and inventory restocking will continue to outpace supply and new construction, holding industrial vacancy rates in 2022 at a record-low 3.3%.

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What’s The Opportunity For Office To Industrial Conversions?

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The good news in office space: occupancy has been on the rise. But any CRE professional watching the markets knows about the shoe that next drops—it’s going to take a good amount of time—11 quarters, according to Costar and the National Association of Realtors—for things to get back to normal and all the space to be absorbed. If it ever all is.

That leaves property owners and operators wondering what will eventually happen and how many workers will be dragged into traditional office space.

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