The resilient demand from eCommerce companies, third-party logistics (3PL) entities and manufacturers has pushed rentals higher in the first half of 2023 (1H23) in the Asia-Pacific (Apac) region.
This is despite the flagging gross domestic product growth in China and uncertain global economic forecast.In the 2H23, Knight Frank foresees that while the persistent shortage of quality spaces is expected to drive rent increases in the region, the cautious approach of occupiers is likely to temper the rate of growth.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
