Research
Asia Pacific Industrial Market Dynamics Q3 2024
Soft market conditions, but investment sentiment on the up
November 19, 2024
Highlights from the report include:
Occupier sentiment is generally weak, though net absorption did pick up in Q3 2024 with patches of strong supply led take-up in some China tier 2/3 markets.
Vacancy fell (albeit modestly) for the time since 2021. Lower supply rather than an upsurge in demand led to this outcome. Nonetheless quarterly figures are volatile and vacancy is expected to trend higher again in 2025.
Investor sentiment improved given the Fed’s switch to expansionary policy settings. More rate cuts may be needed to spur activity in 2025.
