Asia Pacific Logistics Highlights H2 2025

Rents for logistics space across the region remained broadly stable, edging up by a marginal 0.3% in H2 2025 to end the year just 0.2% higher year-on-year. While rent growth remains weighed down by Chinese markets, those in Australia were also observed to have decelerated.

Singapore’s market leads the region in terms of rental growth, rising over 7% in H2 2025. Demand for specialised assets from a diverse manufacturing base as well as 3PL firms supported leasing activity in the same period amid a limited supply pipeline.

Across Asia-Pacific, 3PLs, e-commerce players, and manufacturing occupiers continued to underpin occupier activity. Heightened tariff uncertainty has accelerated ‘China+n’ strategies, with occupiers exploring split logistics footprints across Southeast Asia and India to hedge cross-border tariff risks