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Feature Article: Prologis Buying $3.1 Billion Industrial Property Portfolio From Blackstone
Although this article is focused on the recent acquisition by Prologis, a major industrial real estate development conglomerate, of a $3.1 billion dollar industrial portfolio, the statistics of the industrial market nationally certainly reflect what we’re experiencing in the greater Baton Rouge market.
Our local market has seen record low vacancy rates in the 2% range; rental rates are increasing significantly and the investment in the build-to-suit and spec warehouse/distribution sector continues to increase.
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