Logistics real estate operator Link Logistics signed 696 new and renewing leases in the first quarter, representing 17.8 million square feet of space. In the fourth quarter, it inked deals covering 23.4 million square feet. Link Logistics’ portfolio was 94.6% leased in the first quarter, which was 160 basis points lower than in the fourth. Blended cash leasing spreads — a comparison of new rents to expiring rents — were 44.4%, which was 1,120 bps lower sequentially. “We entered 2024 with persistent demand for our well-located, last-mile properties” said CEO Luke Petherbridge. “E-commerce conti…