Greater demand for distribution of goods drove a 3.2% rise in lease rates for top-quality warehouse and distribution center space for the year ending March 31, according to a new study from CBRE.
Prime logistics rents proved a way to gauge the strength of high-end warehouses, the 2018 Global & Industrial Logistics Prime Rents reportsaid. Warehouses affording higher rents means industry is booming. Prime logistics rents are the highest achievable lease rates for top-quality warehouse and distribution center space. Of the 71 global hubs tracked by CBRE Research, 49 recorded an annual increase in prime rents, 11 had decreases and 11 had no change, according to the study.