Industrial and logistics real estate net absorption in the APAC region 2017-2024

Published by K. Tran, Apr 8, 2025

The net absorption of industrial and logistics real estate in the leading markets in the Asia-Pacific (APAC) region increased again after a plummet in 2020. In 2024, over 53 million square feet of industrial and logistics real estate were absorbed. Net absorption measures demand and is calculated as the amount of space that became physically occupied, minus the space that was vacated.

Net absorption of industrial and logistics real estate in the Asia-Pacific (APAC) region from 2017 to 2024 (in million square feet)

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Release date

January 2025

Region

Australia, China, Hong Kong, India, Japan, South Korea, New Zealand, Singapore, Vietnam, APAC

Survey time period

2017 to 2024

Supplementary notes

Includes the following markets: Beijing, Shanghai, Shenzhen, Guangzhou, Chengdu, Chongqing, Wuhan, Nanjing, Ningbo, Hangzhou, Qingdao, Dalian, Shenyang, Tianjin, Greater Tokyo, Greater Osaka, Singapore.

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