Research

Asia Pacific Industrial Market Dynamics Q1 2025

Challenging market conditions persist

May 23, 2025
Highlights from the report include: 

  • Quarterly net absorption reached 3 million sqm in Q1 2025, a slowdown from the last two quarters. Overall activity is anticipated to remain subdued, as tariff related headwinds filter through markets over the next few quarters. ​
     

  • While vacancy fell slightly by 0.1 percentage points q-o-q to 14.7% in Q1 2025, high vacancy is expected to persist in the near term.
     

  • Investment activity across Asia Pacific's logistics markets showed varied performance in the first quarter. Investor appetite is expected to sustain, albeit at a higher level of selectivity.​

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