Quarterly net absorption reached 3 million sqm in Q1 2025, a slowdown from the last two quarters. Overall activity is anticipated to remain subdued, as tariff related headwinds filter through markets over the next few quarters. ​
 

While vacancy fell slightly by 0.1 percentage points q-o-q to 14.7% in Q1 2025, high vacancy is expected to persist in the near term.
 

Investment activity across Asia Pacific's logistics markets showed varied performance in the first quarter. Investor appetite is expected to sustain, albeit at a higher level of selectivity.​