Industrial and logistics real estate rent per square meter APAC 2023, by market

Published by Statista Research Department, Nov 10, 2024

Sydney was the markets with the highest rent for industrial and logistics real estate in the Asia-Pacific (APAC) region in the second half of 2023. Sydney had an average net asking rent of over 22 U.S. dollars per square meter per month, eight U.S. dollars above the average rent in the second-ranking market, Brisbane. Rents in India, on the other hand, were substantially lower. In Mumbai, Bangalore, and Delhi, the square meter rent was less than one U.S. dollar.

Net effective asking rent per square meter of industrial and logistics real estate in the Asia-Pacific (APAC) region in 2nd half 2023, by market (in U.S. dollars)

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Source

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Release date

July 2024

Region

Australia, China, Taiwan, India, Japan, Malaysia, New Zealand, Philippines, Vietnam, APAC

Survey time period

H2 2023

Supplementary notes

Calculated by Statista based on figures by the source and 2023 exchange rates averages.

  • 1 USD = 0.92 AUD
  • 1 USD = 34.8 THB
  • 1 USD = 15,236.88 IDR
  • 1 USD = 4.56 MYR
  • 1 USD = 55.63 PHP
  • 1 USD = 7.08 RMB
  • 1 USD = 7.08 HKD
  • 1 USD = 82.6 IDR
  • 1 USD = 1.34 SGD

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