Figures
Asia Pacific Industrial & Logistics Trends Q1 2025
April 16, 2025 5 Minute Read
Looking for a PDF of this content?
- Although leasing activity in Korea has yet to fully recover amid ongoing economic and political instability, demand improved in March after a slow February. Landlords of several prime grade assets started to cut incentives packages amid solid demand from 3PL firms and e-commerce platforms, as well as the tightening supply pipeline.
- Market conditions in the Vietnam logistics & warehousing market have improved in recent quarters. There has been a strong increase in enquiries for modern warehouse facilities, particularly from manufacturers, e-commerce platforms and 3PL providers. International occupiers are displaying stronger interest for large logistics spaces of over 100,000 sq. m.
- Hong Kong SAR has shifted toward a tenant's market, with a gradual increase in space availability. However, occupiers are cautious, particularly those in the F&B and retail segments, due to sluggish consumption demand. New leases signed in Q1 2025 involved tenants across the e-commerce, 3PL and consumer products sectors. Other activity included expansion by mainland Chinese supermarkets and furniture chain stores.
Related Insights
Research Contacts
Business Contacts
Luke Moffat
Regional Managing Director, Head of Leasing, Advisory Services, Asia Pacific
Michael Bowens
Managing Director, Head of Industrial & Logistics Leasing, Advisory Services, Asia Pacific
Samuel Lai
Executive Director, Advisory & Transaction Services – Industrial & Logistics Services, Hong Kong
Jihyun Lee
Senior Director, Capital Markets | Industrial & Logistics, Korea
Hieu Le
Senior Director, Head of Advisory & Transaction Services, Vietnam
