APAC Logistics & Industrial Capability Statement

MARKET INSIGHTS

IN THE TOKYO AREA, VACANCY RATES ARE EXPECTED TO RISE

LOCALLY IN IBARAKI AND TOHOKU DO WHERE THERE IS AN OVERSUPPLY OF SPACE. In regional cities, the stock of advanced logistics facilities is still insufficient, and potential demand will continue to be stimulated in line with new supply. However, in some cities, the wave of supply will exceed the pace of demand, and vacancy rates are expected to rise slightly locally. While price dominance of urban logistics facilities in central Tokyo will remain high, existing properties in other areas are expected to face difficulty in passing on prices, including real estate rents, to tenants who are struggling due to rising logistics costs.

JAPAN

Stock Per Capita in Greater Tokyo expanded nine-fold in comparison to other regional cities.

Cushman & Wakefield

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