Prologis CEO Reports Market Trough as Warehouse Demand Returns and Data Center Business Expands
Prologis CEO Hamid Moghadam told CNBC that the industrial real estate market has reached a trough with demand beginning to recover. The company is reportedly seeing increased commitments for warehouse space while expanding its data center business amid supply chain advantages.
Industrial Real Estate Leader Signals Market Inflection Point
Prologis CEO Hamid Moghadam has indicated the industrial property market has reached a cyclical low point, with demand beginning to recover after years of elevated vacancy rates, according to recent reports. During an interview with Jim Cramer on CNBC, Moghadam stated that companies are now committing to significant space, particularly stronger enterprises showing renewed confidence in expansion plans.