Asia Pacific Logistics Highlight H1 2023

Powered by the acceleration of logistics rental growth in Manila, Knight Frank's rental index for prime logistics properties rose 10.4% year-on-year. This growth defies the significant economic challenges that prevailed during the same period. Looking ahead, the report foresees that while the persistent shortage of quality spaces is expected to drive rent increases in the region, the cautious approach of occupiers is likely to temper the rate of growth.