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It had leased the space in 2022, before the facilities were even completed.
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More than 45M SF of speculative industrial development delivered in the first quarter without a tenant in place, according to Cushman & Wakefield.
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Prologis, one of the largest industrial REITs, may not be immune to the headwinds facing the industry.
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Amazon has submitted plans for new facilities in states across the country.
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Gov. Gavin Newsom has until Sept. 30 to either sign or veto the bill.
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Houston broke its 1M SF industrial lease slump when BroadRange Logistics signed for the largest building at Conroe Park North.
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The agreement will raise workers' wages by 62%.
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Efforts to bring even more manufacturing home could supercharge the overflow benefits of brisk border trade.
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2024 is the year of the Chinese 3PL as consumers clamor for cheap goods, tariffs hover and other leasing slows down.
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Newmark's Scott Berfas speaks on the state of the market in Long Island, how developers and owners are facing challenges, and the region's future.
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