The industrial fund is 40% deployed, with 17.3M SF in acquisitions.
JFK unveiled its new cargo facility in 2025. But almost all of the surrounding industrial space is full, leaving few options for future tenants.
Large, pre-2010 warehouses are losing tens of millions of square feet of tenants, in part because they tend to have lower ceilings than newer product.
Industrial vacancy is expected to keep rising, absorption to remain sluggish and rent growth to stay flat through 2026.
The 174M SF of new U.S. industrial leasing activity during the first quarter was the highest for a first quarter since 2022.
The steady fundamentals of the Chicago industrial sector are luring midmarket buyers who are chasing attractive returns to the center of the country.
Prologis' development in Cypress is expected to support up to 5M SF of industrial space.
Trammell Crow is slated to break ground on the 788K SF Building 2 in the second quarter of 2026.
Industrial investors were drawn to the state's policies and geography, analysts say.
Constellation Real Estate Partners announced plans for a two-building, 422K SF speculative industrial project in Houston.
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