Industrial and logistics real estate supply in leading APAC cities 2023-2024
Seoul, South Korea, was the industrial and logistics real estate market with the largest new supply in the Asia-Pacific (APAC) region in 2023. In that year, the amount of new space that entered the market was 5.6 million square meters and in 2024, the total new supply is forecast to decrease to 4.1 million square meters. Tokyo, Japan, and Guangzhou, China, ranked second and third, with three million square meters and 1.1 million square meters, respectively.