Ronald Camden's questions to Prologis (PLD) leadership • Q3 2025
Question
Ronald Camden asked for more detail on the inflection point in occupancy and rents, specifically regarding different tenant categories and standing out markets like Southern California.
Answer
Managing Director Chris Caton confirmed that demand has turned a corner, indicating an inflection period driven by increased customer willingness to make decisions, higher leasing volumes (including new leasing), and a sustained pipeline. He noted continued strength in larger size categories (above 500,000 sq ft, broadening to 250,000 sq ft) and international strength, particularly in the Sun Belt in the U.S.