仲量联行： 2023年第一季度亚太区物流工业地产市场报告（英文版）（24页）.pdf

1、Logistics and Industrial ResearchOccupier demand remains resilient across most marketsAsia Pacific|Q1 2023ContentsLogistics and Industrial marketsLogistics and Industrial Market Insights2JLL Asia Pacific Logistics and Industrial Q1 202309 Hong Kong10 Beijing11 Shanghai12 Tokyo13 Seoul14 Singapore15

2、Thailand16 Delhi17 Sydney18 Melbourne19 Brisbane20 Perth21 Adelaide22 Auckland06ForewordMarkets remain turbulent.Higher interest rates and inflation weigh on sentiment.Recent banking sector instability added to the headwinds.However,the outlook is more positive.We are likely nearing the end of the m

3、onetary policy tightening cycle;inflation is high but has likely peaked in many markets,and banking sector stress appears to have been contained.Occupier demand has remained resilient in the face of these headwinds.While there has been a recent dip in take-up levels from e-commerce groups(as they wo

4、rk through their additional capacity),the longer-term positive outlook is unchanged.There will be a continued shift to online consumption.More L&I space will be needed to support this ongoing transition,especially as governments invest more in transportation projects and new economy technology infra

5、structure.On the investment front,deal flow has slowed.This is not surprising given the financing environment at present.Positively,the near-end of the rate cycle in many markets may remove some uncertainty around capital costs for investors.Given the current environment,now may be an opportune time

6、 to assess strategies,to pivot as needed,and to lay the ground-work for successful execution.We would be delighted to partner with you to explore opportunities and to navigate around the risks in this current environment.We look forward to a brighter 2023.Peter GuevarraDirector Asia Pacific Research