SAN FRANCISCO, Aug. 18, 2015 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, today released a research paper titled "The Evolution of Logistics Real Estate Clusters."
According to a recent study by Prologis Research, evolving trade patterns, along with advances in technology and the expansion of e-commerce, reinforce the value proposition of core market locations. To better understand the evolution of the agglomeration of distribution centers, the research team developed two proprietary indices—the Modern Logistics Concentration (MLC) and the Modern Logistics Quotient (MLQ)—that measure the size, relative maturity, demand drivers and growth potential of logistics clusters around the world.
"Compiling a globally consistent dataset for logistics real estate and its associated demographics was a considerable undertaking," said Chris Caton, senior vice president, Prologis Research. "This work quantifies the disparity between existing real estate and new demand, which is driven by the modernization of global supply chains. It also explains the ongoing growth in developed economies and identifies the outsized demand that has surfaced in emerging markets despite economic crosscurrents."
The full report is available in the Research section of the Prologis website at www.prologis.com.
Prologis, Inc. is the global leader in industrial real estate. As of June 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 670 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
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SOURCE Prologis, Inc.