Asia Pacific Logistics & Industrial Q4 2023

Occupier demand remains steady despite slowing economic conditions

February 23, 2024
Highlights from the report include:
  • Rents broadly trended higher on average in the region, but growth continues to slow

  • Investors remain broadly cautious as capital costs are elevated and continue to weigh on activity, while rising macroeconomic headwinds and new geopolitical flashpoints created additional uncertainty for the global economy

  • Investment yields were either stable or decompressed across all major markets in 4Q23

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