8.1.3.3Vertical
Last Mile & Urban Logistics
Investors owning infill last-mile distribution facilities.
Market snapshot
These figures describe Industrial & Warehouse Properties (8.1.3), the segment that Last Mile & Urban Logistics sits within — not Last Mile & Urban Logistics on its own.
FragmentationConsolidatingEstimate
Industrial/warehouse leasing sits within nonresidential building lessors (NAICS 531120) and is not separately disclosed by the Census Bureau, so the segment is not separately sized here; Prologis is the dominant owner.
Business model & economics
Revenue model
Industrial/logistics lease income
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
recurring leases with strong rent growth
high-demand-sector NOI
Characteristics
- Standout CRE sector; e-commerce-transformed.
- Among the strongest rent growth in real estate.
- Last-mile, logistics, and nearshoring demand.
M&A deal context
Deal activityHigh
Who’s acquiring
- Industrial REITs (Prologis et al.)
- Private-equity real estate & institutions
- Logistics-focused investors
What’s driving deals
- E-commerce and supply-chain demand.
- Consolidation around scaled owners.
- Last-mile and nearshoring logistics.
Find Last Mile & Urban Logistics acquisition targets
Search Acquisera’s index for companies classified under Last Mile & Urban Logistics (8.1.3.3) and build a targeted deal pipeline.
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