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Prologis Anticipates Industrial Rents Will Increase 10% This Year

But macroeconomic crosscurrents could lead to some delayed decision-making.

By Barbara Ballinger | May 23, 2023 at 07:40 AM

The industrial sector experienced a moment of worry several weeks ago amid the mounting economic and financial sector turmoil. That moment appears to have passed, based on Prologis’ Industrial Business Indicator, which moved back into expansionary territory in April with a score of 56.2, after falling to its lowest level in 30 months for March. 

Prologis, too, apparently is feeling sanguine about the sector, tweaking its forecast to a 10% increase in rents for the year, given that there has been 275 million square feet of net absorption and deliveries of 445 million square feet to date. 

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