Asia Pacific Logistics & Industrial Q3 2022
Occupier demand remains resilient against rising headwinds
November 30, 2022
Highlights from the report include:
- Asia Pacific logistics sales continued to moderate in Q3 (from a high base), with just under USD 5.0 billion transacting in the quarter, bringing year-to-date volumes to around USD 20 billion.
- While Asia Pacific’s pace of rental growth has lagged behind the US and Europe, average rents rose by 6.5% y-o-y, the fastest pace on record.
- Occupier demand is forecast to remain resilient, underpinned by e-commerce, and other sectors such as cold storage operators and supermarket chains will also help to drive take-up levels.