Data Centers in Logistics Mix
- A Prologis managing director said AI-driven data-center leasing rose from under 5% to about 10% of new deals. - The social post framed data centres as an expanding component of industrial and logistics demand. - That shift ties AI infrastructure needs to industrial real estate, broadening tenant profiles beyond traditional warehouse users. (x.com)
Data centers are starting to show up in warehouse leasing, with Prologis saying related tenants now account for about 10% of new logistics deals. (costar.com) Chris Caton, Prologis’s managing director of global strategy and analytics, told analysts that leasing by data-center suppliers rose to about 10% of logistics volume this year from less than 5% a year earlier. Prologis reported record first-quarter lease signings of 64 million square feet on April 16, 2026. (costar.com) (prologis.com) The company is not only leasing warehouse space to firms tied to data-center construction. It is also building data centers itself, starting $1.3 billion of build-to-suit projects in the first quarter and saying both projects were preleased to large technology companies. (prologis.com) (costar.com) That puts artificial-intelligence infrastructure inside the industrial property story. In its January 21, 2026 results, Prologis said customers were making long-term decisions with a platform that brings together logistics, digital infrastructure and energy. (prologis.com) The basic real-estate link is power and land. Prologis says its data-center business is built around development-ready sites, utility access and a 5.7-gigawatt power pipeline, with 1.8 gigawatts secured and 3.9 gigawatts in advanced stages as of December 31, 2025. (prologis.com) Demand in the wider market is already outrunning supply. CBRE said North America’s primary data-center markets had a record-low 1.6% vacancy rate in the first half of 2025, with 74.3% of all space under construction already preleased. (cbre.com) JLL said on January 13, 2025 that global data-center demand was surging despite power constraints, and projected about 10 gigawatts of hyperscale and colocation capacity would break ground in 2025. The firm said the market could expand at a baseline 15% compound annual growth rate through 2027. (jll.com) For warehouse owners, that demand shows up in more than one way. Prologis said firms supplying construction materials and equipment for data centers are becoming a larger customer base for logistics buildings, even before a server is switched on. (costar.com) Prologis is scaling around that overlap. The company says it has 14,000 acres of development-ready land and expects $8 billion in total expected investment in data centers over the next five years. (prologis.com) The result is a broader tenant mix for industrial landlords. Warehouses still move goods, but a rising share of demand now comes from the companies building the physical backbone for artificial intelligence. (costar.com)
