 U.S. warehouse development will fall to a 7-year low in 2023 as a rapid rise in capital costs curtails borrowing and subsequent construction activity, logistics warehouse giant Prologis Inc. said Thursday. The San Francisco-based firm, the worlds largest owner, developer and operator of logistics warehouses, said an expected 60 year-over-year yy decline in development starts will push rent growth above 10 in 2023. 