Tim Brindley

2 months ago | thescxchange.com | Gary Frantz |Craig Moore |Tim Brindley |Zachary Rogers

Global logistics real estate rents drooped in 2024 as an overheated market reset after years of outperformance, according to a report from real estate giant Prologis. By the numbers, global logistics real estate rents declined by 5% last year as market conditions “normalized” after historic growth during the pandemic. After more than a decade overall of consistent growth, the change was driven by rising real estate vacancy rates up in most markets, Prologis said.

Nov 8, 2024 | thescxchange.com | Ramu Pannala |Tim Brindley |C. John Langley

As technology advances and disruptions multiply, third-party logistics providers and shippers must continue to work together to respond and adapt to change.