Markets near large population concentrations, as well as seaports, inland ports and major air hubs could see strong demand for industrial space, as product sourcing expands beyond long-dominant countries like mainland China, said CBRE in its latest viewpoint.
Within the Asia-Pacific region, alternative port choices include Xiamen, Qingdao, Nansha and Shekou in mainland China and Tanjung Pelepas in Malaysia according to the report’s author, James Breeze, CBRE’s senior director and global head of industrial and logistics research.
These Chinese ports could help alleviate congestion in gateway ports like Ningbo, Shanghai and Yantian while in the long run, ports in South-east Asia will generally see higher volume due to global manufacturers’ diversification of suppliers beyond those in mainland China, said Breeze.
