AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Walk prologis to dazzle denver12/11/2023 ![]() ![]() The company's shares are up 22% this year (through October), producing a market capitalization of $34.8 billion. Prologis, which is structured as a real estate investment trust, is benefiting hugely from that growth. (Prologis is also Amazon's largest landlord, accounting for 13% of the warehouse space it operates.) Why? Getting a book to you in less than 48 hours (Amazon Prime's promise) means already having it-and several thousand other items-nearby when you order.Į-commerce accounts for about 9% of total retail sales in the United States, a share that has more than doubled since 2010. Amazon is Prologis' largest tenant, occupying 16 million square feet. While internet shopping has devastated demand for traditional retail spaces, it has had the opposite effect on industrial real estate. Seventy percent of Prologis' 45-million-square-foot development pipeline is outside the country, in places were e-commerce is growing at a faster clip.īecause if you believe in e-commerce, you believe in Prologis. And it's not ignoring the rest of the world. In the United States, 60% of the population lives within 100 miles of Prologis' 379 million domestic square feet. Its closest competitor, Indianapolis-based Duke Realty, has 20% of its space. ![]() With 687 million square feet of warehouse space in 19 countries, Prologis, which is based in San Francisco, is the world's largest owner of industrial real estate and the king of the proverbial "last mile" between the warehouse and a customer's doorstep. ![]()
0 Comments
Read More
Leave a Reply. |