Research

Asia Pacific Industrial Market Dynamics Q2 2024

Macro conditions weigh on occupier demand

August 22, 2024

Highlights from the report include:
 

  • Quarterly net absorption numbers rebounded in Q2 2024 after a slow start to the year. E-Commerce demand remains slow, but 3PL operators continue to take up space.

  • Completions reached an all-time record high of 7.6 million sqm over the quarter, higher than the previous 6.9 million sqm record in Q2 2023 and well above the five-year average of 4.8 million sqm.

  • Investment activity remained patchy across the region. The very strong investment activity in Australia over the quarter was not evident anywhere else across the region.

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