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1、Cushman&Wakefield|420251.2782.40.517.3%1.4%30.620272,96020253,5253278.2%0.65.2%14.220202025-20262027-202820251,100,3003,637,3002026138,280(457,12412.6%67%700850Cushman&Wakefield|5Cushman&Wakefield|64.2%2025GDP5.4%4.6%中国内地物流业景气指数6.5%49.7%(一月)49.3%(二月)51.5%(三月)Cushman&Wakefield|7Cushman&Wakefield|8202
2、5747.29.0%202420256.4%0%10%20%30%40%50%60%03,0006,0009,00012,00015,00018,00021,00024,000Cushman&Wakefield|9Cushman&Wakefield|10 S:3.6S:3.32025Q1V:8.2%2025Q1:142.4Cushman&Wakefield|11102030405060700%10%20%30%40%Cushman&Wakefield|12Cushman&Wakefield|13/202421%,2025/19%2025/Cushman&Wakefield|14Cushman&
3、Wakefield|154.908162432404856640204020252025Cushman&Wakefield|1691.1%36.95/1.0220.2%3pl0.3521.5%0.519%92401020304050上海020406051015202520252025Cushman&Wakefield|179.4%0.5%39.1/2.3%49.1/3pl0.328.9%202520250102001020304050051015202530Cushman&Wakefield|18,13.1%0.3%25.5/17%27.6/06120714212835010203020252
4、025Cushman&Wakefield|190510157142128355101520253020252025Cushman&Wakefield|20Cushman&Wakefield|210.5 0.00.51.01.52.02.53.03.54.020250.2Cushman&Wakefield|222025126%7%PMI348.32025212(TEU)2.3%5.2%14.220208.2%0.635.3 -5 10 15 20 25 30 35 4005101520012345678910 11 12 13 14 15 16 17 18(/)(%)2024 Q42025 Q1Cushman&Wakefield|23202,80059,200302,600A52,40033,900(3PLS)2025主要租赁成交主要租赁成交EPRC2025-20262027-202820258%Cushman&Wakefield|24Cushman&Wakefield|25Cushman&Wakefield|26物流地产联系人Cushman&Wakefield|