According to JLL’s inaugural “Asia-Pacific Industrial Tenant Demand Study,” the third-party logistics (3PL), logistics and distribution segment is set to continue leading industrial demand growth, representing more than 30 percent of active tenant requirements, with ecommerce following at approximately 11 percent of total demand.
Build-to-suit and purchase requirements are heavily concentrated in emerging markets, with India and Southeast Asia collectively accounting for approximately three-quarters of such demand. JLL data and analysis show this theme reflects greater land availability, lower pricing and more flexible regulatory frameworks for greenfield developments in both India and Southeast Asia.
“We’re observing that a noticeable gap persists between active tenant requirements and realized absorption, reflecting the cautious ‘wait-and-see’ approach many occupiers are adopting amid economic uncertainty. However, while decision-making timelines have e
