Tokyo’s warehouse rents continued to top the world despite a fall of 3.0% in the second half of 2011. In Hong Kong, warehouse rents rose 8.1% in the last six months of 2011, the strongest growth amongst the top 10 markets, while Singapore also registered a notable increase of 6.8%.
In Asia Pacific, almost every market recorded a drop in warehouse vacancies in the second half of 2011. In addition, prime warehouse rents grew in more than half of the markets, amongst which observers in over 50% of them expect warehouse rents to rise further in the next six months. In Thailand, due to the flood disaster, some flooded areas are facing high possibility of more vacancies. On the other hand, the non flooded areas are going to be more popular for relocations and new set ups.