2023 Asia Pacific Logistics Occupier Survey (CBRE) 11 July 2023
Despite ongoing economic uncertainty, logistics occupiers in Asia Pacific maintain a positive business outlook for the next three years. Expansionary demand continues, although appetite has weakened slightly compared to 2021, with occupiers shifting their focus toward optimising their operations.
CBRE’s 2023 Asia Pacific Logistics Occupier Survey features insights from more than 120 logistics real estate executives in the region on their business outlook, growth plans, strategic opportunities and concerns for the next three years. Key findings include:
Market Sentiment
- 81% of respondents are confident about their business outlook for the next three years.
- Expansionary appetite weakened from 78% in 2021 to 68% this year.
Supply Chain
- Warehouse automation is seen as integral to logistics operations; Automated storage and retrieval systems remains the most sought after logistics technology.
- 87% plan to outsource more or the same amount of operations to 3PLs to enhance operational efficiency.
Portfolio Strategy
- Modern logistics assets near customers and public transport are the most sought after, especially those in urban areas.
- Short-term leases and/or flexibility for expansion ranked as the most important element of future lease management.
ESG Considerations
- ‘Green energy supply’ and ‘Electric Vehicle charging stations’ are the most desirable features for future-proof warehouses.
- 51% expressed an interest in green certified warehouses.
This report was originally published in https://www.cbre.com/insights/reports/2023-asia-pacific-logistics-occupier-survey
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