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The warehouse index of Asia Pacific in Q1 increased 1.1pct

According to a report released by property consultant CBRE last week, the first quarter this year the Asia Pacific region saw demand for logistics space being driven by third party logistics suppliers (3PLs), ecommerce, and automotive manufacturers. Darren Benson, executive director, industrial & logistics, brokerage services, CBRE Asia, said that the industrial and logistics sector – in Asia specifically – continues to be driven by ecommerce firms and 3PLs, a trend that is driving demand for modern logistics developments and networks across the region. In particular, the firm sees that ecommerce is having a changing effect on most markets, especially China, Japan, South Korea, and India.