Latest news with #DominicBrown
The Sun
2 days ago
- Business
- The Sun
Global Industrial Property Enters New Phase as Supply Chains Shift and Landlords Expected to Gain Ground
• The Logistics Real Estate Market on the Chinese Mainland Shows Signs of Stabilization Amid Ongoing Consumer and Industrial Demand HONG KONG SAR - Media OutReach Newswire - 10 June 2025 - Cushman & Wakefield (NYSE: CWK) has published its inaugural global logistics and industrial outlook, ' Waypoint 2025 ', which highlights a significant shift in the sector as global supply chains are reconfigured and cost pressures evolve. Drawing on insights from more than 120 markets worldwide, the report shows that in the near term, the balance of power is tilting towards landlords, with wide-reaching implications for occupiers, investors, and developers. The research reveals that globally, the proportion of tenant-favourable markets is expected to fall sharply from 52% today to just 28% by 2028. This change is being driven by constrained supply, robust demand, and rising costs across key inputs such as rent, labour, construction materials, and electricity. At the same time, landlord-favourable markets are forecast to rise from 24% to 35%, signalling a more competitive leasing environment in the years ahead for occupiers. In Asia Pacific (APAC), fundamentals remain strong but market conditions are becoming more nuanced. The region currently offers more balanced conditions, with 24% favouring landlords and 33% favouring tenants. Over the next three years, markets in the region are expected to move away from a balanced, neutral position toward more polarising tenant- and landlord-favourable market conditions. Neutral markets are expected to decline to 29% from the current 42%, while tenant-friendly markets are anticipated to grow to 38% from 33%. Similarly, landlord-favourable markets are expected to rise to 33%, up from 24%. Dr. Dominic Brown, Head of International Research at Cushman & Wakefield said, 'Asia Pacific markets are diverging, with Australia and Southeast Asia seeing a shift towards landlord-favourable conditions, while other parts of the region face rising vacancies and tenant-friendly dynamics. Nevertheless, 62% of APAC markets still expect rental growth in the next three years, driven by robust occupier demand, strategic manufacturing shifts and the region's cost competitiveness in labour and energy.' In terms of labour costs, APAC remains highly competitive, with countries like India, Vietnam, Philippines, and Indonesia having significantly lower wages. China has moved toward higher value-added manufacturing, with wages around 50% of the global average. Another highlight of the report is that general manufacturing, retail distribution and e-commerce distribution are the top three key drivers of demand for logistics and industrial space in Asia Pacific. This is very much aligned to what is being seen across the world. High-tech and automotive manufacturing have also been identified as drivers of occupier demand in APAC over the next three years. Dennis Yeo, Head of Investor Services and Logistics & Industrial, APAC, Cushman & Wakefield said: 'Asia Pacific continues to demonstrate resilience, with markets such as India and Vietnam seeing sustained occupier demand. However, rising vacancy in some subregions, driven by a surge in new supply means that a one-size-fits-all approach no longer works. Businesses must adopt granular, market-specific strategies that account for local cost structures, infrastructure readiness, and automation potential.' The logistics market on the Chinese mainland continued its path to stabilization and recovery in 2024, underpinned by favourable structural drivers. Key catalysts include the emergence of industrial clustering, the acceleration of new logistics productivity, and a more balanced supply-demand environment, all of which are reinforcing the market's long-term fundamentals. In the consumer segment, the rapid rise of new e-commerce formats — notably live-streaming commerce and instant retail — has been instrumental in driving online consumption. Combined with the effective rollout of consumer goods trade-in policies, these trends have led to sustained growth in online retail sales of physical goods, bolstering demand for high-quality logistics infrastructure. On the industrial front, strong logistics demand for industrial goods has been observed, supported by continued manufacturing activity and supply chain modernization. This dual-sector momentum — consumer and industrial — is injecting fresh vitality into the premium logistics warehouse market, reinforcing its status as a core asset class in the evolving logistics ecosystem on the Chinese mainland. Tony Su, Managing Director, Head of Industrial & Logistics Property Services, China, Cushman & Wakefield said: 'The transformation and upgrading of key industries are fueling renewed demand for warehouse space. This resurgence in leasing activity is expected to absorb incoming supply efficiently, supporting steady growth in both occupancy levels and rental rates—particularly within the premium logistics warehouse segment. These dynamics position the sector for healthier and more sustainable long-term development.' The report concludes that resilience and diversity in supply chains will be essential for navigating both short- and long-term market shocks. Businesses that act decisively and strategically will be best placed to thrive in this evolving industrial landscape. The full report, including regional breakdowns of rental levels, market conditions and vacancy projections, energy and labour cost comparisons, and analysis of demand drivers such as e-commerce and manufacturing, is available at Waypoint 2025. Note to Editors 'Waypoint 2025' is Cushman & Wakefield's inaugural global logistics & industrial research report which includes results from a survey of Cushman & Wakefield logistics and industrial market-facing colleagues for 127 markets worldwide. The survey was conducted from 7-18th April 2025, after the Trump Administration announced the suspension of most higher tariff rates for 90 days, while maintaining the 10% levy on nearly all global imports. Please click here to download photos.
Arabian Post
3 days ago
- Business
- Arabian Post
Global Industrial Property Enters New Phase as Supply Chains Shift and Landlords Expected to Gain Ground
The Logistics Real Estate Market on the Chinese Mainland Shows Signs of Stabilization Amid Ongoing Consumer and Industrial Demand HONG KONG SAR – Media OutReach Newswire – 10 June 2025 – Cushman & Wakefield (NYSE: CWK) has published its inaugural global logistics and industrial outlook, 'Waypoint 2025', which highlights a significant shift in the sector as global supply chains are reconfigured and cost pressures evolve. Drawing on insights from more than 120 markets worldwide, the report shows that in the near term, the balance of power is tilting towards landlords, with wide-reaching implications for occupiers, investors, and developers. The research reveals that globally, the proportion of tenant-favourable markets is expected to fall sharply from 52% today to just 28% by 2028. This change is being driven by constrained supply, robust demand, and rising costs across key inputs such as rent, labour, construction materials, and electricity. At the same time, landlord-favourable markets are forecast to rise from 24% to 35%, signalling a more competitive leasing environment in the years ahead for occupiers. In Asia Pacific (APAC), fundamentals remain strong but market conditions are becoming more nuanced. The region currently offers more balanced conditions, with 24% favouring landlords and 33% favouring tenants. Over the next three years, markets in the region are expected to move away from a balanced, neutral position toward more polarising tenant- and landlord-favourable market conditions. Neutral markets are expected to decline to 29% from the current 42%, while tenant-friendly markets are anticipated to grow to 38% from 33%. Similarly, landlord-favourable markets are expected to rise to 33%, up from 24%. ADVERTISEMENT Dr. Dominic Brown, Head of International Research at Cushman & Wakefield said, 'Asia Pacific markets are diverging, with Australia and Southeast Asia seeing a shift towards landlord-favourable conditions, while other parts of the region face rising vacancies and tenant-friendly dynamics. Nevertheless, 62% of APAC markets still expect rental growth in the next three years, driven by robust occupier demand, strategic manufacturing shifts and the region's cost competitiveness in labour and energy.' In terms of labour costs, APAC remains highly competitive, with countries like India, Vietnam, Philippines, and Indonesia having significantly lower wages. China has moved toward higher value-added manufacturing, with wages around 50% of the global average. Another highlight of the report is that general manufacturing, retail distribution and e-commerce distribution are the top three key drivers of demand for logistics and industrial space in Asia Pacific. This is very much aligned to what is being seen across the world. High-tech and automotive manufacturing have also been identified as drivers of occupier demand in APAC over the next three years. Dennis Yeo, Head of Investor Services and Logistics & Industrial, APAC, Cushman & Wakefield said: 'Asia Pacific continues to demonstrate resilience, with markets such as India and Vietnam seeing sustained occupier demand. However, rising vacancy in some subregions, driven by a surge in new supply means that a one-size-fits-all approach no longer works. Businesses must adopt granular, market-specific strategies that account for local cost structures, infrastructure readiness, and automation potential.' The logistics market on the Chinese mainland continued its path to stabilization and recovery in 2024, underpinned by favourable structural drivers. Key catalysts include the emergence of industrial clustering, the acceleration of new logistics productivity, and a more balanced supply-demand environment, all of which are reinforcing the market's long-term fundamentals. ADVERTISEMENT In the consumer segment, the rapid rise of new e-commerce formats — notably live-streaming commerce and instant retail — has been instrumental in driving online consumption. Combined with the effective rollout of consumer goods trade-in policies, these trends have led to sustained growth in online retail sales of physical goods, bolstering demand for high-quality logistics infrastructure. On the industrial front, strong logistics demand for industrial goods has been observed, supported by continued manufacturing activity and supply chain modernization. This dual-sector momentum — consumer and industrial — is injecting fresh vitality into the premium logistics warehouse market, reinforcing its status as a core asset class in the evolving logistics ecosystem on the Chinese mainland. Tony Su, Managing Director, Head of Industrial & Logistics Property Services, China, Cushman & Wakefield said: 'The transformation and upgrading of key industries are fueling renewed demand for warehouse space. This resurgence in leasing activity is expected to absorb incoming supply efficiently, supporting steady growth in both occupancy levels and rental rates—particularly within the premium logistics warehouse segment. These dynamics position the sector for healthier and more sustainable long-term development.' The report concludes that resilience and diversity in supply chains will be essential for navigating both short- and long-term market shocks. Businesses that act decisively and strategically will be best placed to thrive in this evolving industrial landscape. The full report, including regional breakdowns of rental levels, market conditions and vacancy projections, energy and labour cost comparisons, and analysis of demand drivers such as e-commerce and manufacturing, is available at Waypoint 2025. Note to Editors 'Waypoint 2025' is Cushman & Wakefield's inaugural global logistics & industrial research report which includes results from a survey of Cushman & Wakefield logistics and industrial market-facing colleagues for 127 markets worldwide. The survey was conducted from 7-18th April 2025, after the Trump Administration announced the suspension of most higher tariff rates for 90 days, while maintaining the 10% levy on nearly all global imports. Please click here to download photos. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn (
Associated Press
24-03-2025
- Business
- Associated Press
Contractor Sentiment Generally Positive as the Worst of Price Pressures Ease, According to Office Fit Out Vendors Across Asia Pacific
Six Greater China cities are ranked in the top 20 most expensive office fit out markets in Asia Pacific Hong Kong moves up four places to rank as fifth most expensive fit out market in Asia Pacific, remains most costly in Greater China HONG KONG SAR - Media OutReach Newswire - 24 March 2025 - The cost to fit out an office in key locations across Asia Pacific has continued to rise, although at a slowing rate, according to findings from Cushman & Wakefield's Asia Pacific Fit Out Cost Guide 2025. The global real estate service provider's annual report showed that fit out costs range from US$195 per square foot (psf) in Tokyo as the most expensive market, to US$58 psf in Jakarta as the least expensive. In Greater China markets, Hong Kong was at US$160, Beijing at US$100, and Shanghai at US$96. Similarly to previous years and in line with expectations, Japanese cities were the most expensive markets while Southeast Asian cities were the most affordable locations for office fit outs. While there was some fluctuation at a market level and within local currencies, the ranking of most to least expensive fit out costs in US$ per square foot remained largely unchanged, though gaps have narrowed between some markets. Hong Kong was a notable market mover, moving up from ninth to fifth in the Asia Pacific listing, overtaking Auckland, Seoul, Sydney, and Melbourne, due to the strong US$ and consequently the HK$. Report author Dr Dominic Brown said changes to local fit out costs were largely aligned with the economic outlook of each market and the related office leasing activity. 'As a region, Asia Pacific is one of the more expansionary, and we have seen more growth and slightly more positive sentiment about the market by contractors here than in other regions. 'Measured by both contractor sentiment and actual cost, it appears that the worst of the pricing pressure from recent years has resolved and prices for raw materials are on the way down while tight labour markets continue to drive some wage inflation.' In local currency, North Asian cities including Tokyo, Seoul and Osaka saw the greatest fit out cost inflation of around 16%, followed by Australian cities, which averaged 11%. India recorded steady inflation of around 3% in most cities. In contrast, slower economic conditions in the Chinese mainland served to dampen contractor pricing change. Top 10 most expensive locations for average fit out costs in Asia Pacific RANK CITY AVERAGE COST (US$ PSF) 1 Tokyo 195 2 Osaka 191 3 Nagoya 187 4 Canberra 172 5 Hong Kong 160 6 Auckland 158 7 Seoul 156 8 Sydney 153 9 Melbourne 150 10 Brisbane 146 Top six most expensive locations for fit out costs in Greater China RANK CITY Basic Hybrid (US$ PSF) Collaborative Hybrid (US$ PSF) (USD PSF) Advanced Hybrid (US$ PSF) 1 Hong Kong 96 160 257 2 Taipei 61 110 202 3 Beijing 68 100 150 4 Shanghai 70 96 164 5 Shenzhen 68 94 156 6 Guangzhou 65 92 156 In the Chinese mainland, against the dual backdrop of a slowdown in domestic economic growth and escalating international trade conflicts, tenants have adopted a more cautious approach in their office leasing decisions. Meanwhile, the construction market continues to undergo structural adjustments, and the Consumer Price Index (CPI) has remained at a low level for a long period of time. Office fit out costs in Chinese mainland Tier 1 cities have seen a degree of decline compared to the previous year, as reflected in the 2025 report.' Read the full report here. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn (
Zawya
24-03-2025
- Business
- Zawya
Contractor Sentiment Generally Positive as the Worst of Price Pressures Ease, According to Office Fit Out Vendors Across Asia Pacific
Six Greater China cities are ranked in the top 20 most expensive office fit out markets in Asia Pacific Hong Kong moves up four places to rank as fifth most expensive fit out market in Asia Pacific, remains most costly in Greater China HONG KONG SAR - Media OutReach Newswire - 24 March 2025 - The cost to fit out an office in key locations across Asia Pacific has continued to rise, although at a slowing rate, according to findings from Cushman & Wakefield's Asia Pacific Fit Out Cost Guide 2025. The global real estate service provider's annual report showed that fit out costs range from US$195 per square foot (psf) in Tokyo as the most expensive market, to US$58 psf in Jakarta as the least expensive. In Greater China markets, Hong Kong was at US$160, Beijing at US$100, and Shanghai at US$96. Similarly to previous years and in line with expectations, Japanese cities were the most expensive markets while Southeast Asian cities were the most affordable locations for office fit outs. While there was some fluctuation at a market level and within local currencies, the ranking of most to least expensive fit out costs in US$ per square foot remained largely unchanged, though gaps have narrowed between some markets. Hong Kong was a notable market mover, moving up from ninth to fifth in the Asia Pacific listing, overtaking Auckland, Seoul, Sydney, and Melbourne, due to the strong US$ and consequently the HK$. Report author Dr Dominic Brown said changes to local fit out costs were largely aligned with the economic outlook of each market and the related office leasing activity. "As a region, Asia Pacific is one of the more expansionary, and we have seen more growth and slightly more positive sentiment about the market by contractors here than in other regions. "Measured by both contractor sentiment and actual cost, it appears that the worst of the pricing pressure from recent years has resolved and prices for raw materials are on the way down while tight labour markets continue to drive some wage inflation." In local currency, North Asian cities including Tokyo, Seoul and Osaka saw the greatest fit out cost inflation of around 16%, followed by Australian cities, which averaged 11%. India recorded steady inflation of around 3% in most cities. In contrast, slower economic conditions in the Chinese mainland served to dampen contractor pricing change. Top 10 most expensive locations for average fit out costs in Asia Pacific RANK CITY AVERAGE COST (US$ PSF) 1 Tokyo 195 2 Osaka 191 3 Nagoya 187 4 Canberra 172 5 Hong Kong 160 6 Auckland 158 7 Seoul 156 8 Sydney 153 9 Melbourne 150 10 Brisbane 146 Top six most expensive locations for fit out costs in Greater China RANK CITY Basic Hybrid (US$ PSF) Collaborative Hybrid (US$ PSF) (USD PSF) Advanced Hybrid (US$ PSF) 1 Hong Kong 96 160 257 2 Taipei 61 110 202 3 Beijing 68 100 150 4 Shanghai 70 96 164 5 Shenzhen 68 94 156 6 Guangzhou 65 92 156 In the Chinese mainland, against the dual backdrop of a slowdown in domestic economic growth and escalating international trade conflicts, tenants have adopted a more cautious approach in their office leasing decisions. Meanwhile, the construction market continues to undergo structural adjustments, and the Consumer Price Index (CPI) has remained at a low level for a long period of time. Office fit out costs in Chinese mainland Tier 1 cities have seen a degree of decline compared to the previous year, as reflected in the 2025 report." Read the full report here. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ( Cushman & Wakefield
