High-spec logistics facilities in Tokyo requires
the highest rent above all cities in the world due to the increased demand in
the logistics centers from E-commerce and 3PL providers as well as imminent demand
caused by the Great East Japan Earthquake. It is anticipated that the rent
stably shifts because of the low supply, which enforces the augmented burden on
Tokyo continuously has been ranked at the
top for $21.84 per 1m2 from last year, London as 2ndv for $19.47, Singapore
as 3rd for $14.73.
According to the CBRE research, the reason
why Tokyo has been ranked as highest rent is while industrial manufacturing has
been revived and grown up in the Post-Earthquake recovery, thus there was
little negative influence in the total logistics field, reconstruction of BCP,
SCM, as well as reform inquires in view of earthquake-resisting capacity
stimulated new demands. On the top of that relocation and expansion demands in
existent total floor space from E-commerce and 3PL providers are still vital
that keeps Tokyo rent continuing at the high level.
It comes to the conclusion that the low
supply of the new facilities for the time being will affect the market stable.
Source: Yuso-Keizai Shinbun (edited and
translated by Bear Logi)