Industrial and supply chain real estate occupiers and investors alike experienced a record-breaking year in 2015 and should expect this trend to continue well into 2016, according to a JLL logistics survey report. Strong demand for logistics facilities is expected to remain consistent globally during 2016. Rental growth is projected to continue across all markets of the world in 2016 and through 2017.
Goodman Group, Australia's largest listed industrial property group, says its wholly owned North American subsidiary, Goodman Birtcher, has received approvals for the development of a proposed $350m logistics center in Linden, N.J. The project is part of the recently announced $1.4bn development pipeline in the key U.S. logistics markets of California, Pennsylvania and New Jersey.