Figures
Asia Pacific Industrial & Logistics Trends Q1 2026
April 17, 2026 5 Minute Read
Looking for a PDF of this content?
- Recent oil price volatility has emerged as a key risk in the Asia Pacific industrial & logistics market, with higher transport costs and supply chain disruption weighing on occupier demand. Although traditional 3PL operators underpinned leasing activity in Q1 2026, prolonged fuel cost increases could undermine this momentum.
- In Australia, traditional 3PL operators are consolidating from older second-generation facilities into new super prime facilities, while uncertainty remains around logistics operational costs should fuel costs remain elevated. Renewals continue to drive the bulk of leasing activity due to tight availability and elevated fit-out costs.
- Market sentiment in Japan remains resilient, with Greater Tokyo continuing to recover from previous supply spikes and overall vacancy trending downward. Leasing activity in Greater Osaka has been robust, supported by domestic consumption.
- Leasing activity in Vietnam is being supported by demand from e‑commerce, manufacturing and FMCG occupiers. However, ample availability resulting from earlier supply hikes has kept net effective rents broadly stable.
Related Insights
Research Contacts
Business Contacts
Michael Bowens
Managing Director, Head of Industrial & Logistics Leasing, Advisory Services, Asia Pacific
Masashi Okumura
Executive Director, Industrial & Logistics, Japan
Hieu Le
Senior Director, Head of Leasing Services, Vietnam
Dung Duong
Executive Director, Head of Professional Services, Vietnam
