This statistic highlights Prologis’ Occupancy Rate Breakdown, split across Asia, Europe, Other Americas, and the U.S., reported quarterly from 2016 onwards.
Prologis’ Occupancy Rate Breakdown
Prologis is a self-administered and self-managed real estate investment trust (REIT) that owns, manages, and develops high-quality, well-positioned logistics facilities across various countries.
The following table indicates the occupancy rate breakdown of Prologis:
| Region | 2022 Q3 | 2022 Q4 | 2023 Q1 |
| Asia | 95.1% | 96.1% | 94.7% |
| Europe | 98.6% | 98.7% | 98.6% |
| Other Americas | 98.4% | 98.3% | 98.6% |
| The U.S. | 97.9% | 98.3% | 98.2% |
| Total | 390.0% | 391.4% | 390.1% |
Prologis’ occupancy rate is the proportion of properties that are occupied by tenants. At the end of March 2023, the occupancy rate for Prologis was 98%, with 98% being leased and 2% vacant. Generally, a high occupancy rate is seen as a positive indicator for a REIT such as Prologis, as it implies that there is a high demand for the properties and that the REIT can generate reliable rental income.
Asia
The occupancy rate in Asia was 94.7% as of March 31, 2023. This was driven by strong demand from manufacturing and automotive users. Manufacturing users are seeking large, well-located factories to support their production operations. Automotive users are in search of smaller, more flexible distribution facilities to support their parts and equipment supply chains. This region covers mainly China, Japan, and Singapore.
Europe
This region consists of Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, etc. The occupancy rate in Europe was 98.6% as of March 31, 2023. This was supported by strong demand from industrial and logistics users. Industrial users are looking for large, well-located warehouses to support their manufacturing and distribution operations. Logistics users are seeking smaller, more flexible distribution facilities to support their e-commerce and omnichannel businesses.
Other Americas
This segment includes properties located mainly in Brazil, Canada, and Mexico. The occupancy rate in the Other Americas was 98.6% as of 31st March 2023. The occupancy rate has been on the rise due to several factors such as strong economic growth, rising e-commerce sales, and growing urbanization displayed by these economies.
The U.S.
The occupancy rate in the U.S. was 98.2% as of March 31, 2023. This was driven by strong demand from e-commerce and omnichannel retailers. E-commerce retailers are seeking large, well-located distribution facilities to support their growing online businesses. Whereas, Omnichannel retailers are looking for smaller, more flexible distribution facilities to support their brick-and-mortar and online businesses.
About Prologis Incorporation
Prologis (PLD) is a publicly traded REIT that invests in industrial properties in the US, Europe, and Asia. Founded in 1983, Prologis has a portfolio of more than 6,000 properties with a total square footage of 1.2 billion. The company leases its properties to retailers, manufacturers, and logistics companies, providing it with a diverse portfolio of tenants and helping it to mitigate risk.
Prologis began operations as a full-service REIT in 1997. It is the world’s leading logistics real estate company with an emphasis on high-growth, barrier-free markets. The REIT’s portfolio is concentrated on the world’s most dynamic centers of commerce, and its scale across the globe enables it to better meet customers’ diverse logistics needs.
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