AMB Property Corporation(R) Releases Research Report on the Leading Indicators of Demand for Industrial Real Estate

AMB Property Corporation(R) Releases Research Report on the Leading Indicators
of Demand for Industrial Real Estate

SAN FRANCISCO, Nov. 2 /PRNewswire-FirstCall/ -- AMB Property Corporation®
(NYSE: AMB), a leading global owner, operator and developer of industrial real
estate, today released a research report titled, "Inside the Global Supply
Chain: Production, Trade, Inventories and a New Demand Model for Industrial
Real Estate."

The company's new demand model illustrates the movement of goods and
quantifies the magnitude and direction of these key variables with the demand
for industrial real estate. This report is a useful resource for those who
want to examine these relationships as we emerge from an unprecedented global
financial and real estate crisis relative to historic behavior and
correlations.

Detailed findings in the report include:

-- Production, trade and inventories have fallen to unsustainably low
levels. From their peak, they have declined by double digits, while
consumption has decreased by just 1.9 percent. Production and trade
must
rebound in order to restock inventories and to meet even baseline
demand
for goods.
-- Production and trade are in fact rebounding globally. The major
economies have exhibited positive growth trends in trade and
industrial
production in recent months. These trends are precursors to sustained
inventory growth and increased industrial real estate demand.

-- Consensus trade forecasts imply 2010 U.S. net absorption of more than
100 million square feet and 500 million square feet globally - a
complete turnaround following negative absorption of 225 million
square
feet through the first three quarters of 2009.

"By studying the interaction of trade with production and inventory levels, we
believe our model provides greater accuracy into the turning points and
forecasts the demand for industrial space," commented David Twist, AMB's vice
president, Research. "We believe these indicators will need to rebound as
there is no evidence that the structural relationship has changed, trade
continues to serve as a means of raising productivity and lowering overall
costs."

A copy of AMB's research report can be downloaded from the company's website
at www.amb.com/global_capabilities/research.html.

AMB Property Corporation.® Local partner to global trade.(TM)

AMB Property Corporation® is a leading owner, operator and developer of
industrial real estate, focused on major hub and gateway distribution markets
in the Americas, Europe and Asia. As of September 30, 2009, AMB owned, or had
investments in, on a consolidated basis or through unconsolidated joint
ventures, properties and development projects expected to total approximately
156.1 million square feet (14.5 million square meters) in 47 markets within 14
countries. AMB invests in properties located predominantly in the infill
submarkets of its targeted markets. The company's portfolio comprises High
Throughput Distribution® facilities--industrial properties built for speed and
located near airports, seaports and ground transportation systems.

AMB's press releases are available on the company website at www.amb.com or by
contacting the Investor Relations department at +1 415 394 9000.

Some of the information included in this press release contains
forward-looking statements, such as those related to our expectations for
trade and GDP growth in the U.S. and globally, production activities,
inventory levels, and future industrial demand, which are made pursuant to the
safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934,
as amended, and Section 27A of the Securities Act of 1933, as amended. Because
these forward-looking statements involve risks and uncertainties, there are
important factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not rely on the
forward-looking statements as predictions of future events. The events or
circumstances reflected in forward-looking statements might not occur. You can
identify forward-looking statements by the use of forward-looking terminology
such as "believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or "anticipates"
or the negative of these words and phrases or similar words or phrases. You
can also identify forward-looking statements by discussions of strategy, plans
or intentions. Forward-looking statements are necessarily dependent on
assumptions, data or methods that may be incorrect or imprecise and we may not
be able to realize them. We caution you not to place undue reliance on
forward-looking statements, which reflect our analysis only and speak only as
of the date of this report or the dates indicated in the statements. We assume
no obligation to update or supplement forward-looking statements. The
following factors, among others, could cause actual results and future events
to differ materially from those set forth or contemplated in the
forward-looking statements: defaults on or non-renewal of leases by tenants,
increased interest rates and operating costs, our failure to obtain necessary
outside financing, re-financing risks, risks related to our obligations in the
event of certain defaults under joint venture and other debt, risks related to
debt and equity security financings (including dilution risk), difficulties in
identifying properties to acquire and in effecting acquisitions, our failure
to successfully integrate acquired properties and operations, our failure to
divest properties we have contracted to sell or to timely reinvest proceeds
from any divestitures, risks and uncertainties affecting property development
and construction (including construction delays, cost overruns, our inability
to obtain necessary permits and public opposition to these activities), our
failure to qualify and maintain our status as a real estate investment trust,
risks related to our tax structuring, failure to maintain our current credit
agency ratings, environmental uncertainties, risks related to natural
disasters, financial market fluctuations, changes in general economic
conditions or in the real estate sector, changes in real estate and zoning
laws, a downturn in the U.S., California or global economy, risks related to
doing business internationally and global expansion, losses in excess of our
insurance coverage, unknown liabilities acquired in connection with acquired
properties or otherwise and increases in real property tax rates. Our success
also depends upon economic trends generally, including interest rates, income
tax laws, governmental regulation, legislation, population changes and certain
other matters discussed under the heading "Risk Factors" and elsewhere in our
annual report on Form 10-K for the year ended December 31, 2008.

SOURCE AMB Property Corporation

Tracy A. Ward, Vice President, IR & Corporate Communications, +1-415-733-9565,
tward@amb.com, or Rachel E. M. Bennett, Director, Media and Public Relations,
+1-415-733-9532, rbennett@amb.com