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Logistics hiring prices in Hong Kong is world’s most expensive

According to the Global Prime Logistics Rents report by CBRE, Hong Kong is the most expensive prime logistics market in the world with rent prices reaching US$312 per sqm per annum. This is due to the unique high-rise nature of the market. Most prime warehouses in Hong Kong are multi-story buildings with ramp-access to each floor, making the gross to net efficiency ratio much lower than the traditional single-story logistics buildings. Prime logistics rents in Asia Pacific were up 2.5%. 15 out of the 27 markets in the region witnessed rent growth despite the slowdown in China’s economy.