Asia's e-commerce boom, accelerated by the pandemic, is driving massive demand for new logistics facilities closer to customers. Purpose-built warehouses are becoming a key growth sector as the region strengthens its role in global trade networks.
One of the things that's unique about Asia is that Asia is still the e-commerce hub. It's both coming in late to the party but at the same time very dynamic. And the pandemic, that also accelerated the growth. So there's a lot of movement, a lot of demand for new facilities, purposely built facilities in market, and also getting closer to the markets. I think That's one thing that would continuously drive the logistics real estate development in Asia, but not only in Asia, but Asia and how it links up to the rest of the world.
