With the global economy anticipated to decelerate in 2008, trade and the movement of goods is expected to show a corresponding downshift. This has the potential to cause a decline in leasing and letting activity in warehouse markets around the globe. Despite a more subdued back drop, however, most markets are forecasting stable if not rising rents in the coming 12 months. Land prices are also expected to hold steady and yields/capitalization rates, which have been trending down for the past several years, are expected to hold steady and rise only in a limited number of countries.