Moderate Growth Predicted by ProLogis CEO

by CoyDavidson on July 27, 2010

Walt Rakowich, CEO of ProLogis discusses the prospect of a double dip recession with CNBC, as well as recent trends in occupancy rates and rental rates for the U.S. warehouse market. ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space in markets all across North America, Europe and Asia.

While we have yet to seen any growth in rental rates, the good news is the warehouse market has seen a recent uptick in occupancy rates for the first time since the 3rd quarter of 2007. This also bodes well for the national office market, as we typically have to see sustained improvement in the  industrial market prior any recovery in the office sector.

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