Prologis’ research suggests that supply chains could increase capacity by improving productivity at existing facilities without moving into a larger location.
That ability becomes critical with the industrial real estate market expected to remain tight. Over the next five years, Prologis expects the demand for industrial real estate to exceed supply by 140 million square feet.
“There has been a logistic space shortage in most markets across the U.S. for several years,” McLaughlin said, noting that it varies by market and supply chain function.
