2020 Prologis Logistics Rent Index: Resilience Tested
2.9% Global rent growth | 3.2% U.S./Canada | 0.3% Europe
Introduced in 2015, the Prologis Logistics Rent Index examines trends in net effective market rental growth in key logistics real estate markets in North America, 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. Rental rates at the regional and global levels are weighted averages based on estimates of market revenue.
- Despite a mid-year dip due to the pandemic, global rent growth improved through year-end 2020 and ended with a 2.9% full-year increase.
- In North America, outperformance in demand resulted in healthy rent growth.
- In Europe, recovery materialized as the market likewise benefited from growing secular trends and limited supply.