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In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, discussed some of the latest developments in the residential REIT sector.
Global leasing demand from the e-commerce sector has doubled during the last three years, and the strong growth trend is expected to continue, according to a new report from industrial REIT Prologis, Inc. (NYSE: PLD).
“Online fulfillment is in its infancy, and we anticipate e-commerce will create significant new demand for logistics real estate well into the future,” said Chris Caton, vice president and head of Prologis’ research arm.
Robust demand for space, fueled by improving economic fundamentals and limited supply, is expected to bolster the industrial REIT sector for the rest of 2014, according to analysts.
So far in 2014, the sector has continued to outperform the broader REIT market. Total returns for industrial REITs gained 7.4 percent last year, compared with a 2.9 percent gain for all equity REITs. As of March 24, total returns for industrial REITs were up 9.4 percent for the year, versus a 6.8 percent gain for all equity REITs.
