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Let’s talk about logistics and real estate

Lease Signed for FirstGate Logistics Center by JLL Read the full article below..

A LOOK AHEAD: FOUR INFLUENTIAL FACTORS SHAPING THE LOGISTICS REAL ESTATE CYCLE

The supply of warehouse space in Scotland for units over 100,000 sq ft now totals 1.36m sq ft across seven units, marking an 11% decline over the past six months, which indicates that the region is past the peak in vacancy. Based on the five-year average annual take-up, there is 1.72 years’ worth of supply in Scotland. The five-annual take-up for Grade A space is currently around 320,000 sq ft. With no Grade A supply available, occupiers must resort to BTS options or settle for smaller warehouses. The existing supply consists entirely of lower-quality units, with 42% being Grade B and 58% being Grade C. The recently completed Belgrave Logistics Park was the only Grade A building available, which has now been leased. Read more:

M7 signs 26,500 sqm logistics lease renewal in Valls-Tarragona, Spain Álvaro Arteaga Biforcos, Managing Director – Spain at M7 Real Estate Ltd, commented: “We identified an opportunity to leverage our asset management expertise by carrying out sustainability-focused improvements at the property, supported by Oxford’s green clause initiatives. Subsequently, we have been able to fully re-let the space on a long lease, reflecting M7’s ability to capture the current interest we are witnessing from occupiers for high quality, well-located logistics assets in the North and East of Spain which face an acute lack of supply.” #realestate #spain #commercialrealestate

Logistics real estate remains scarce in most U.S. markets. Prologis predicts significant rental rate increases for companies renewing leases in the coming months due to a persistently low national vacancy rate of 4.8%. Despite a quickened pace of new building deliveries in 2023, the report suggests customers should act promptly to capitalize on increased availabilities in a market undergoing a 'mini-cycle' balancing short-term uncertainty with long-term adaptation to retailing and supply chain demands.

Implementing a Milestone Equipment Leasing mobile warehousing & storage solution in today's environment can not only provide a cost per square foot savings, but establish quickly needed space with an overall lower total landed cost to maintain. Not to mention the soft costs associated with searching for additional warehousing or negotiating leases. Simple and scalable - connect with me to learn more! #warehousing #flexibility

"Prologis Secures Full-Building Lease for National Road Logistics" Read the full article below..

https://lnkd.in/g7C8hU6j Noel Liston of Core Industrial Realty discusses what makes Chicago a major logistics hub in this recent REjournals article. #industrialrealestate

As industrial and warehouse leasing demand picks up in Q3 of 2023, a recently published Colliers report indicates that 3PLs continued to be the top occupiers of warehousing space, contributing to about 40% share in total warehousing demand to date. Check out the insights on this sector’s growth from our National Head-Leasing, Mr. Ranjit Kumar MRICS and learn more about Pragati's commitment to offering high- quality assets. Read the whole report at https://bit.ly/3soEjAP Maneesh Jain I MRICS Chandraveer Singh #Pragati #PragatiWarehousing #developer #realeastate #industrialwarehouse #logisticspark #warehousedemand #growth #CommercialRealEstate #Q3Highlights #MarketAnalysis #LinkedinInsights