Prologis Files Plans for 514,000 SQFT Data Center on Charcot Avenue in North San Jose
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 164th San Francisco story tracked on the wire in September 2026. All San Francisco coverage →
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
- 28 stories mentioning Prologis on the wire in the past 90 days. Prologis coverage →
Computed from Real Estate Trail’s own tracked coverage
Prologis wants to tear down five aging North San Jose industrial buildings and put up a 99-megawatt, three-story data center at 326 Charcot Ave., betting that powered land is now worth more than flex space. Prologis h…
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