SAN FRANCISCO, March 31, 2016 /PRNewswire/ -- Prologis,
Inc. (NYSE: PLD), the global leader in industrial real estate,
today announced the release of its first annual Prologis Logistics
Rent Index.
The index will track trends in net effective rents in the 57
major markets around the world where Prologis has a presence and
offer a consistent year-over-year comparison of global trends in
logistics property rents.
"The Prologis Logistics Rent Index provides much-needed trending
information to our customers, investors and the broader logistics
real estate community," said Chris
Caton, Prologis' Global Head of Research. "It is unique in
that it considers only modern logistics real estate and focuses on
net effective rental rates, adjusting for concessions, and brings
transparency to the industry."
Highlights from the 2015 index:
- Global rental rates rose 6 percent in 2015 and are up more than
20 percent since 2012. Vacancies are likely to remain low in the
near term, leading to further rent increases in our view.
- In many markets, the combination of improving customer
sentiment and limited supply has brought vacancies to their lowest
levels on record.
- During 2015, the top five rent growth markets were all in the
U.S. and include the San Francisco Bay
Area, Chicago, Nashville, Las
Vegas and Cincinnati.
- The world's top five highest rent markets at the end of 2015
were London and Southeast U.K.,
Tokyo, Singapore, Osaka and the Midlands, also in the U.K.
Please see the full index at http://prolo.gs/1qk2Wcp.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in industrial real estate.
As of December 31, 2015, Prologis
owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 669 million square feet (62 million
square meters) in 20 countries. The company leases modern
distribution facilities to more than 5,200 customers, including
third-party logistics providers, transportation companies,
retailers and manufacturers.
FORWARD-LOOKING STATEMENTS
The statements in this release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on current expectations, estimates and
projections about the industry and markets in which Prologis
operates, management's beliefs and assumptions made by
management. Such statements involve uncertainties that could
significantly impact Prologis' financial results. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," variations of such words and similar expressions are
intended to identify such forward-looking statements, which
generally are not historical in nature. All statements that
address operating performance, events or developments that we
expect or anticipate will occur in the future — including
statements relating to rent and occupancy growth, development
activity and changes in sales or contribution volume of properties,
disposition activity, general conditions in the geographic areas
where we operate, our debt and financial position, our ability to
form new co-investment ventures and the availability of capital in
existing or new co-investment ventures — are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic climates, (ii)
changes in financial markets, interest rates and foreign currency
exchange rates, (iii) increased or unanticipated competition for
our properties, (iv) risks associated with acquisitions,
dispositions and development of properties, (v) maintenance of real
estate investment trust ("REIT") status and tax structuring, (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (vii) risks related to our
investments in our co-investment ventures and funds, including our
ability to establish new co-investment ventures and funds, (viii)
risks of doing business internationally, including currency risks,
(ix) environmental uncertainties, including risks of natural
disasters, and (x) those additional factors discussed in reports
filed with the Securities and Exchange Commission by Prologis under
the heading "Risk Factors." Prologis undertakes no duty to update
any forward-looking statements appearing in this release.
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SOURCE Prologis, Inc.