According to Prologis, the new structural growth drivers of higher inventory levels and a reacceleration of e-commerce may combine with four factors to temper the downturn for logistics:

1. Strong momentum and ultra-low market vacancies;
2. Diverse demand and growth among certain categories due to COVID-19, including e-commerce, groceries and home improvement despite weakness in other categories such as auto;
3. Inventory restocking flowing from China; and
4. Slowed development starts.

Read the Article, Logistics Real Estate and COVID-19: Third Installment