Prologis: Texas Will Be the Top State for Warehouse Net Absorption and Other 2023 Predictions

Last year at this time the big question was – will Christmas be canceled? After more than two years of supply chain disruptions, the word “normal” is creeping into the outlook for 2023. At the same time, the larger economic environment is still impacting major supply chain players.

 We still see companies struggling with labor shortages and needing to prepare for the unexpected (moving from a “just-in-time” approach to managing their supply chain to a “just-in-case” approach). While no one has a crystal ball, we at Prologis have leveraged our company’s decades of industry experience and unique insights from our ~1.2 billion square foot global portfolio and 6,200+ customers to predict seven unconventional trends for the industrial real estate market and wider macro-economy for the new year: