Cap rates of industrial and logistics real estate in the APAC region 2023, by market
Hong Kong, Taipei, and Tokyo were the markets with the lowest cap rates for logistics real estate among the Asia-Pacific (APAC) markets listed. Traditional logistics facilities in Hong Kong had a market cap of 3.75 percent in the first quarter of 2023, while the market capitalization of institutional grade logistics even lower at 3.55 percent. The cap rate measures the rate of return on commercial properties and is calculated by dividing the net operating income of a property by its asset value. While a higher rate might promise higher return, it is also an indication of a riskier asset.
