the latest from blp

BLP’s Quarter in Review “Normalization with Strength” The U.S. logistics real estate market in Q1 2026 reflects a sector that is continuing to normalize following the post-COVID expansion, while maintaining fundamentally healthy operating performance, particularly within institutional-quality portfolios. Leasing activity remains constructive, even as tariff-related uncertainty has modestly impacted lease velocity. Despite this, 2025 recorded the second strongest leasing year

BLP’s Quarter in Review “OUR VIEWS: MACROECONOMIC OUTLOOK AND THE LOGISTICS SECTOR” While it would have been reasonable to expect muted tenant activity in 2025 following the year’s whipsawing volatility, logistics demand proved resilient and ultimately surprised to the upside. The year concluded as the second strongest for leasing on record¹, underscoring the durability of industrial fundamentals. The Trump Administration’s “U.S. or bust” messaging is beginning to have measur

BLP’s Quarter in Review “Market Fundamentals and Key Indicators” In Q2, we noted an industrial market beginning to find its footing. Today, BLP sees market fundamentals and key leading indicators aligning at a pivotal inflection point. Q3 marked the re-emergence of tenant demand with net absorption rebounding to 21 MSF, a welcome reversal after Q2 posted the first quarter of negative net absorption in nearly 15 years. On the supply side, conditions remain constructive: new de

BLP’s Quarter in Review “A Market Finding its Footing” If Q1 was about bracing for trade and economic impacts, Q2 was about finding our...