From Our Print Edition

Despite a possible economic slowdown, the world’s largest developer of logistics properties forecasts a 10% increase in rents for its U.S. properties and occupancy rates between 96.5% and 97.5%, according to a recent report in The Wall Street Journal.

San Francisco-based Prologis Inc. announced last October that it was pulling back on new warehouse construction without confirmed tenants. But according to CEO Tim Arndt, vacancy rates have remained low even in a cooling market, perhaps due in part to the retailers’ expansion of e-commerce fulfillment capabilities.

“The bottom line is that conditions remain healthy, and there is little we see across our results or proprietary metrics that points to a meaningful slowdown,” said Arndt during a fourth quarter earnings call last month.