Amazon Demand Drives Growth For World's Largest Industrial Real Estate Operator
The world's largest industrial real estate owner, Prologis, has benefited greatly from the shift to online shopping that is driving the industrial sector, particularly due to demand from its largest tenant — Amazon.
This year the company’s shares rose 22% through October, Forbes reports. E-commerce customers make up about 10% of Prologis’ portfolio, and approximately 20% of its new sales can be traced to e-commerce companies as well as demand from delivery companies like DHL, UPS and FedEx, indicating that there is plenty of future growth potential in this sector.