While there has been a slight decline in the average number of deals announced for 2022 in the US, we have seen a consistent demand for quality logistics assets across North America from a diverse group of buyers. Depending on a specific buyer’s current footprint and appetite for expansion, we continue to see demand for transload/intermodal locations, short lines, ports, warehouses, and rail service locations. We expect to see continued buying activity and consolidation of ownership of rail-served logistics assets.
Frequently, demand and price are a direct function of the quality and condition of fixed assets, the stickiness of existing customers, and the diversity of modes of transportation. In fast-growing areas, even rail-served real estate with delipidated fixed assets or significant undeveloped land is receiving serious consideration for future development.