Bloomberg Talks CEO of Prologis Dan Letter Talks Data Centers, Global Logistics and Shipping
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Mar 25, 2026 Dan Letter, CEO of Prologis and a leader in global logistics real estate, outlines trends in shipping, leasing and data center growth. He discusses customer resilience since COVID, leasing behavior under uncertainty, expanding power capacity for hyperscalers, and where Prologis is building next. Short, strategic takes on logistics, energy and large-scale data center development.
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Customers Treat Turbulence As The New Normal
- Customers have built endurance from six years of shocks and now treat turbulence as a feature of the environment.
- Prologis sees long-term leasing decisions (5–10 years) continue despite recent geopolitical and rate shocks, not short-term pullbacks.
Look Through Headlines When Making Long Term Logistics Bets
- Don't over-index on short-term headlines; customers make long-term supply chain location decisions because logistics is only 3–5% of total cost.
- Expect some short-term leasing variations but not broad pullbacks in strategic commitments.
Data Center Growth Built On Logistics Land And Secured Power
- Prologis' data center strategy grew from repurposing logistics land and targets hyperscalers close to population GDP centers.
- They control 5.7 gigawatts of power (1.8 GW secured, 3.9 GW advanced) with every megawatt under active lease discussion.