As industrial took off in 2020, so did new construction in Florida markets. In many of those areas, completions have reached historic levels.
As industrial took off in 2020, so did new construction in Florida markets. In many of those areas, completions have reached historic levels.
On its recent fourth-quarter earnings call, management from logistics real estate giant Prologis Inc. said strong demand from the second half of 2020 has continued into the new year.
“We entered 2021 with optimism and confidence,” commented CFO Tom Olinger.
Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space.