Link Featured in Wall Street Journal: ‘Green Energy Is Helping Drive U.S. Industrial Real Estate Growth’

Link Logistics was featured in a report by The Wall Street Journal about how renewable energy companies are driving growth for industrial real estate.

“Solar has been around taking space for a long time,” Link CEO Luke Petherbridge told the news outlet. “But what we’ve seen more recently is significant acceleration of EV demand as well as batteries and other energy transition technology.”

The Wall Street Journal article details how renewable energy companies are leasing more industrial real estate space in the U.S. to manufacture solar panels, electric vehicles and EV batteries as well as build out their supply chains. Across the U.S., companies involved in the manufacturing and distribution of EVs and EV parts “more than doubled their leasing in the first quarter of the year compared with the same period last year,” the Journal reports, citing data from CBRE. 

Petherbridge added that Link recently leased approximately 2 million square feet to companies that make technology such as EV batteries and wind turbines.

You can read the full Wall Street Journal report here.