2016全球优质物流地产租金报告（英文版）_17页_3mb

Summary of Global Prime Logistics Rents (May 2016)

Core Content

This report from CBRE Research provides an analysis of prime logistics rents in 68 key global hubs, ranked by rent levels and year-over-year (Y-o-Y) changes. It highlights the increasing importance of prime logistics space due to the rapid evolution of global supply chains and the growth of e-commerce.

Main Trends

• Prime rents are resilient: Despite economic challenges, prime industrial rents have remained stable or increased in 85% of tracked markets, with a global average increase of 2.8% Y-o-Y.
• E-commerce is a major driver: The growth of e-commerce has increased demand for modern logistics facilities, especially those that support fast delivery and efficient operations.
• Location is critical: Prime logistics facilities are typically located near transportation networks and major metros to ensure rapid delivery of goods.
• Supply constraints drive rent increases: Limited land availability in many markets, particularly in the U.S., has led to increased rent levels due to falling availability and strong leasing demand.
• New developments are not enough to alleviate rent pressures: While new logistics facilities are being developed, they are not sufficient to meet demand, especially in prime locations.

Key Markets and Rent Levels

Most Expensive Global Hubs (Ranked by Rent)

Most Expensive Markets by Y-o-Y Growth

Regional Performance

• Americas: Strong rent growth was observed in coastal and major hubs such as Oakland, New Jersey, and the Inland Empire. The U.S. market showed a significant decline in availability, with the year-end 2015 availability rate at 510 bps lower than its recessionary peak.
• EMEA: Growth was more mixed, with some markets like the U.K. Midlands, London, and Berlin experiencing notable increases, while others, such as Moscow, saw steep declines.
• APAC: Rent growth was moderate, with China showing a 2.5% Y-o-Y increase, although some cities like Shenzhen and Shanghai had higher growth rates. Hong Kong and Singapore remained among the most expensive markets.

Key Insights

• Prime logistics facilities are in high demand: These facilities are often larger than 100,000 sq. ft., with high ceiling heights and multiple loading docks.
• Land constraints affect rent levels: Markets with limited land availability, such as Hong Kong and Tokyo, command higher rents.
• E-commerce growth is reshaping logistics networks: This trend is driving demand for modern, efficient facilities and influencing the location and design of logistics hubs.
• Global economic conditions impact rents: The slowdown in China and falling commodity prices have affected rent growth in some markets, while others, like the U.S., have seen sustained growth due to strong demand and limited supply.

Conclusion

CBRE Research emphasizes that the prime logistics segment is becoming increasingly important due to the shift in supply chain operations and the growth of e-commerce. Occupiers should expect these trends to continue and plan accordingly. The report serves as a valuable tool for comparing and understanding prime rent values across the globe.