ProLogis's Co-Chief Executive Walter C. Rakowich says demand for industrial real estate is rising across the country, especially around ports on the East and West Coasts. He says demand is strongest around Los Angeles-Long Beach, Miami and New York-New Jersey. Demand is also strong around major population centers, such as Atlanta, Baltimore-Washington and Chicago. Big industrial real estate developers like ProLogis are enjoying the boom because they have the balance sheets to fund new developments, while many smaller companies fell by the wayside during the 2008-2009 real estate bust.
ProLogis' Rakowich Discusses Occupancy Rates in Warehouses, DCs (Video)
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