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Prologis Boosts Rent Growth Projections in Seizing Record-Breaking Logistics Demand

Industrial REIT Raises Earnings, Occupancy Forecasts as Businesses Struggle With Supply Chain Bottlenecks
Prologis is building one of the largest warehouses in the United States for Amazon in Ontario, California. (Sam Evans/CoStar)
Prologis is building one of the largest warehouses in the United States for Amazon in Ontario, California. (Sam Evans/CoStar)
CoStar News
April 20, 2022 | 12:13 AM

Prologis, the world's largest industrial developer and landlord, increased its outlook for the year as businesses paid higher rents in the early months of 2022 for a dwindling supply of available warehouses with record-breaking global logistics demand.

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