Industrial and logistics real estate net absorption in the APAC region 2014-2023
The net absorption of industrial and logistics real estate in the leading markets in the Asia-Pacific (APAC) region increased in 2023, after plummeting in 2022. In 2023, over 76 million square feet of industrial and logistics real estate were absorbed - 25 million square feet more than the previous year. Net absorption measures demand and is calculated as the amount of space that became physically occupied, minus the space that was vacated.