Industrial and logistics real estate vacancy rate in leading APAC cities 2022-2023

Published by Statista Research Department, Jul 2, 2024

Singapore, was the industrial and logistics real estate market with the lowest vacancy rate in the Asia-Pacific (APAC) region in 2023. In that year, 0.2 percent of Singapore's inventory was vacant. Auckland and Sydney ranked second and third, with a vacancy rate of 0.5 percent each. Four of the top five cities in Asia-Pacific with the lowest vacancy rate were found either in Australia or New Zealand. Opposed to this is Hanoi, which saw its vacancy rate go up by 13 percentage points between 2022 and 2023.

Vacancy rate of industrial and logistics real estate in the Asia-Pacific (APAC) region from 2022 to 2023, by market

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Release date

January 2024

Region

Australia, China, Hong Kong, India, Japan, South Korea, New Zealand, Singapore, Vietnam, APAC

Survey time period

2022 to 2023

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