Asia Pacific Logistics & Industrial Q1 2023

Occupier demand remains resilient across most markets

June 13, 2023

Highlights from the report include:

  • Despite rising vacancy, rents trended up steadily in most markets, and the few exceptions with rents that fell or were flat were characterised by very high supply

  • Financial market volatility continues to weigh on investor activity, but there are pockets of opportunity

  • Occupier demand is forecast to slow from 2022 levels, dragged down by lower take up from e-commerce groups, but demand from 3PL groups should remain robust

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