Topic
industrial property
Logistics Tenants signing longer leases for larger warehouses as 3PLs lock in capacity
Leases on U.S. industrial properties with at least one million square feet more than doubled to 38 in the first half of 2026, up from 16 a year earlier. The top-100 leases totaled 93.6 million square feet, a 26% year-over-year increase, as occupiers made longer-term commitments, with average lease terms rising five months to 89 months. Third-party logistics providers held the majority of the largest leases but saw their share decline.
Logistics Prologis Raises Earnings Outlook After Record Lease Signings in Q2
Prologis (NYSE: PLD) reported Q2 revenue of $2.43B (up 11% y/y) and core FFO of $1.63 per share, both beating estimates. The company achieved record lease signings of 67M square feet and raised its full-year core FFO guidance to $6.22-$6.30 per share, signaling strong demand for logistics warehouse space.
Prologis Presses Segro After $16.6B Offer Rejected, Touts Strategic Benefits
Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) all-stock takeover bid. Prologis outlined a strategic thesis including access to its larger network and balance sheet, while Segro called the offer 'inadequate, opportunistic and one-sided.' Shares of Prologis fell 2.2%, while Segro rose 7.8%.