Seoul, South Korea, was the industrial and logistics real estate market with the largest new supply in the Asia-Pacific (APAC) region in 2022. In that year, the amount of new space that entered the market was more than three million square meters and in 2023, the total new supply is forecast to double to over 6.1 million square meters. Tokyo, Japan, and Ho Chi Minh City, Vietnam, ranked second and third, with 2.3 million square meters and 744,000 square meters, respectively.
Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market
(in 1,000 square meters)
Characteristic
2022
2023*
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CBRE Group. (February 8, 2023). Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market (in 1,000 square meters) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/
CBRE Group. "Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market (in 1,000 square meters)." Chart. February 8, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/
CBRE Group. (2023). Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market (in 1,000 square meters). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/
CBRE Group. "Supply of Industrial and Logistics Real Estate in The Asia-pacific (Apac) Region in 2022, with a Forecast for 2023, by Market (in 1,000 Square Meters)." Statista, Statista Inc., 8 Feb 2023, https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/
CBRE Group, Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market (in 1,000 square meters) Statista, https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/ (last visited June 18, 2024)
Supply of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2022, with a forecast for 2023, by market (in 1,000 square meters) [Graph], CBRE Group, February 8, 2023. [Online]. Available: https://www.statista.com/statistics/1380809/logistics-real-estate-on-supply-apac-by-market/