Tenant-favorable logistics markets are expected to drop from 52% to 28% by 2028 due to constrained supply, strong demand, and rising costs. Landlord-favorable markets will rise from 24% to 35%, creating a more competitive leasing environment. In the Americas, tenant-friendly markets will fall from 72% to 23%. Cost disparities and policy uncertainty are reshaping location strategies and delaying long-term investments, increasing demand for flexible solutions and nearshoring.