APAC prime logistics stock set to achieve fastest pace of annual growth
Stock is predicted to increase by 17% between 2021 and 2022.
There will be 20.8 million sqm of new prime stock in Asia Pacific, and JLL says this reflects a 17% growth between 2021 and 2022 — the fastest pace of annual growth on record.
Many developers are expanding their development pipelines to capture increasing demand from new economy occupiers.
Here’s more from JLL:
In 2022 and beyond, we expect demand to be particularly robust for prime space. The need to maximise operational capacity, while at the same time increasing flexibility and future-proof facilities against higher sustainability requirements, will help ensure sufficient demand for the high levels of upcoming new supply.
Technology will play a key role in modern, high specification buildings. While there are many factors to take into account when designing buildings, for the facilities of tomorrow, an important consideration is finding the right mix of smart technology and automation and robotics across the most productive building footprint.
In terms of which technology will be leading the charge, both smart technology and automation and robotics will take centre stage in the logistics world, closely followed by Internet of Things (IoT) and 5G. From an occupier perspective, cold storage and e-commerce companies are expected to lead the way in adopting these technologies.