• Overall logistics demand was stable in Q3 2020 on the back of solid growth by e-commerce platforms and related 3PLs. Weaker sectors included occupiers in trade-related sectors and physical retailers.

 

  • Markets where lockdown measures have been enforced, such as India and Melbourne, registered a spike in warehouse requirements as a result of rising online orders for food and daily necessities.

 

  • New speculative supply will feature high specifications and be high-rise and/or conversion friendly to meet occupier demand for warehouse automation and mixed usage.

 

  • Strong demand for logistics assets from real estate funds, REITs and developers was reflected by a 70% y-o-y increase in quarterly transaction volume to nearly US$7 billion.