The "frenzied" tempo of logistics leasing momentum of recent years is forecast to "normalize," according to Prologis' quarterly Industrial Business Indicator (IBI) and True Months Supply (TMS) research report issued last week.

Prologis said the pace of decision-making has already slowed "and is not expected to reaccelerate due to greater economic uncertainty."

The firm added that users will have more options as the construction pipeline empties.

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