Global logistics real estate shifts
Cushman & Wakefield’s new report, Waypoint 2025, reveals a global shift in industrial real estate as supply chains evolve.
The global share of tenant-favourable markets is set to fall from 52% to 28% by 2028, while landlord-favourable ones rise from 24% to 35%. In the Asia-Pacific region, conditions are diverging according to Dominic Brown (pictured right), the head of international research at Cushman & Wakefield, as markets such as the Australian one shift to landlord-favourable conditions, "whilst other parts of the region face rising vacancies and tenant-friendly dynamics", he stated.
Premium logistics space remains in demand, particularly as retail and automative manufacturing is expected to expand. Strategic, localised responses will be key for investors and occupiers.
"The Asia-Pacific region continues to demonstrate resilience, with markets such as India and Vietnam seeing sustained occupier demand," said Dennis Yeo (pictured left), the head of investor services and logistics and industrial for the APAC region at Cushman & Wakefield. (js)