Prologis, Inc. (NYSE: PLD) today announced the following results for the quarter ended March 31, 2025, as compared to the corresponding period in 2024.

After more than a decade of consistent growth, global logistics real estate rents declined by 5% in 2024 as market conditions normalized after historic growth during the pandemic.

On Wednesday, 5th February, the district councilor for urban development, Korinna Stephan (B‘90/Grüne), visited Prologis' newest site at Wittestraße 38. 

Prologis has acquired a former industrial site spanning 110,970 square meters in Pforzheim. The company plans to revitalize the brownfield property and develop it into a 60,000 square meters comprising modern, future-ready logistics facility. This approach sustainably enhances an already developed site.

Introduced in 2015, the Prologis Logistics Rent Index examines trends in net effective market rental growth1 in key logistics real estate markets in North America2, Europe, Asia and Latin America. Our proprietary methodology focuses on taking rents, net of concessions, for logistics facilities. To create the index, Prologis Research combines the company’s local insights on market pricing dynamics with data from our global portfolio. 

Supply chains will shift permanently toward resilience. This will create powerful demand tailwinds in logistics real estate and could prolong or worsen the shortage of space and labor. Tomorrow’s supply chain will be defined by those who act quickly and decisively.

Our last paper explored the structural trends driving demand for prime logistics space. Given that demand will remain strong in the foreseeable future, our focus now turns to the implications for new supply.

The global pandemic has forever altered the logistics real estate landscape: supply chain decisions have become more holistic, more data-driven and more urgent than ever. Underlying this shift are the same forces -- urbanization, digitalization and demographics -- that have changed the way we live, work and shop.

Logistics service provider Rhenus Home Delivery needed a build-to-suit, energy-efficient logistics facility in northern Germany. The location had to be close to a motorway because Rhenus needed to deliver to end customers in the region. The plan was to handle the transport of furniture, household and electrical appliances, and other products from the new location.

Using brownfield sites for logistics properties is a sustainable choice because it doesn’t require disturbing undeveloped land, but the revitalization process can be costly. We can only assess the extent of a property’s contamination completely during excavation work. 

Almost 30 years ago, a facility in Hamburg-Hausbruch was built for the microchip manufacturer Philips. The Philips subsidiary NXP later used the buildings briefly, but vacated them in the summer of2010. In 2011, Prologis, which already owned two other logistics facilities at the location, bought the former Philips site to develop a new speculative facility.

Construction of a logistics park directly adjacent to Germany’s Hanover-Langenhagen Airport’s runway involves unique requirements. To ensure the project progresses smoothly, Prologis is relying on the help of BeMo Tunneling. “We have collaborated successfully with the experts from BeMo Tunneling several times in the past,” says Stefan Olesch, director project management. “The proximity to the airport makes the project in Hanover a real challenge, but one that we are happy to tackle together with BeMo.”