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Warehouse Giant Prologis Posts Strong Financial Results Amid Signs Vacancies Could Tick Up

REIT Reports Record Rent Growth, Occupancy As Competition for Space Ebbs
Prologis has started $2.7 billion in new development projects this year, including a 210,000-square-foot warehouse west of Phoenix in Goodyear. (JLL)
Prologis has started $2.7 billion in new development projects this year, including a 210,000-square-foot warehouse west of Phoenix in Goodyear. (JLL)
CoStar News
July 18, 2022 | 10:20 P.M.

The world’s largest warehouse and distribution landlord on Monday reported strong earnings and high demand for its logistics properties despite signs that leasing is starting to taper back to pre-pandemic levels and vacancy levels may begin to creep up.

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