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LOGISTICS

Asia Pacific Mid-Year Real Estate Market Outlook 2021

Hear from our experts
logistics

LOGISTICS

EXPECTED


Solid leasing momentum and robust cold-storage demand

  • Asia logistics net absorption surged to a record high in H1 2021
  • The period saw growing demand for cold storage space across the region

Supply peak caters to rising demand
  • Asia Pacific logistics supply will reach 175 million sq. ft. in 2021, 72% higher than the previous three-year average.
  • With new supply concentrated in H2 2021, vacancy is set to rise slightly in the coming months

UNEXPECTED


Ongoing supply chain disruption

  • The spread of the COVID-19 delta variant has disrupted manufacturing activity across Asia Pacific
  • A focus on supply chain resilience will generate additional long-term warehouse demand


Stronger than expected rental growth

  • Major logistics markets have seen strong leasing activity and steady pre-leasing
  • CBRE has revised its full-year growth forecast upward as several markets have outperformed

Asia Pacific Real Estate Market Outlook 2021
Mid-Year Review

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Manish-Kashyap_326x248_05
Manish Kashyap
Global President, Advisory & Transaction Services
Advisory & Transaction Services
+65 6326 1220
+65 6225 1987
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Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
Research
+852 2820 8160
+852 2810 0830
Ada Choi
Ada Choi, CFA
Head of Occupier Research, APAC
& Head of Data Intelligence and Management, APAC
+852 2820 2871
+852 2810 0830
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Liz Hung
Director
Asia Pacific
Research
+852 2820 6557
+852 2810 0830