PROLOGIS U.S. INDUSTRIAL BUSINESS INDICATORTM LOGISTICS REAL ESTATE ON STEADY GROWTH PATH

April 16, 2016

Logistics real estate occupiers further expanded their footprints through the first quarter of 2016 despite recent volatility in the financial markets and the global economy. The latest reading from Prologis’ proprietary index of customer activity, the U.S. Industrial Business IndicatorTM (IBI), reveals healthy growth and an elevated utilization of space. Net absorption reached 60 million square feet in the first quarter of 2016.1 Up 18 percent year-over-year, this above-trend level of absorption illustrates the outperformance of industrial demand relative to economic drivers.

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