2023中国物流业租户调查

China LogisticsOccupier Survey 2023 REPORT CERECHINA RESEARCH November 2023 CBRE's 2o23 China Logistics Occupier Survey nsked accupiers a range of questions coveringissues such as future portfolio planning; operational challenges and solutions; and Envircnmental,Social and Govornancc (EsG) goals. A total of 56 rasponsos wcrc rcccivcd. Executive Summary Qutlookremainsupbeatbutxpansionsettomoderateovernext three years Challenges and Solutions Flight to core Green infrastructure and power •82% of rcspandents intend to cipand theirfootprlnt In tler1 clty clusters, e 3ubst *tisrereus: ron the pruvious survvy'g 55%, Tie-1ci-y tl.slers fenr .e lo play a key rele as=g stics hubs for ccnsunr stis", manufacturing.riml ri1:d:, riml r:rllimrc: i1 :ig''I'cinl nlviarliy:cve' sMaller c tles •Fullwi'ts: Iie: s'nh li lirig nl nnli-an:d: i:has t:o:gur to pick ur, 70% of r5pondontsexpect their business to improve over thenext three yeara. v:hile 2=% of resp=1centsniipr hrir tuir : pr siyrilicarlly •Wcr a:kral le: 'c.r.'ly Ih: l i ix'I'r.building tecrre cg s and ss vicss neede tocc:leret: green run:fortion, rondertsn:ml roftop salar pawer (45%) and electionYehicle charglng 8tations (44%) 9 prloritle8. •R:N::rurlrnl :; ili nli i :d oconomic uncertainty9% 0gt calatlon 7%),and polltleaand supply chain isuo5 (526) : t kayche enges lhey fare in he tning es's. •E tane' ses pler t= resccnd te th=se ch= le1gest:y iccl're n tn N logistics facilityportfollos, rental terms, slta 9electlon and •Athough more than 90% of respondcntsIndleated an Interast In grean warehousecertifleation, I'lost occupiers are still vccJrzyinnolrlf" r ralaliv y env'rsr mlally i. ~fenlbuildings. Only m1% of respondent9 sald thatmost of thoir buildings had grpen cortification. •Some 59% of raspondents Intend to Increasetheir warehouse space ln the next thrgg years% : rasmlI in nd irsf: heirwareho.sa spacs 3y mrcre =1an 0 cve- therrxt thrtx v:rs * I'red th: 38% whu st terd1elr rtit * to cc in the prevlous surveyconduc.ed in 2021. •The survey unccve gd noable c terenes i-upieis' Inf.alinal pffepes. C-mrr.eand Third-Party Logistics (3F_s) clatforns+'t:t I'er Irity elu.oru de. to the- Ies?consumptlon me rket. whi r anufscturer3aturallv prefer tsr Il ities c Je tc tgir status asTignuf el uring trisfe. Market sentiment Mood remains upbeatbut space demandmoderates Most respondents confidentabout business outlook fornext three years Following the lifting of unti-andcrmic 'ostrictions in Dccemser 2o22, china's oconomhas gainud nomernturn. Over Bo% u'ruspunderits staled that their Lusinuss had inprcvedsince the beginning o' this year, while 11% observed = sig riicant upturn. Net albsorpt an of mcclern warehause space increased by 27% y-o-y in H1 2023 along withthe lmproving concmv. F-commerce alatfcrms and if1 antirued tr expa nd,aceounling lot 7G% o'now leasos in H1 2023. Ir cont rasl, as oxpel l-olionLod scclors suchds rran ufacturing anc ccntract logistis weare affected by shrinking foreig' de'rid"dresulting from hig ninte'est r=tes cverse=e, man_fact ure's and c ontract logisticscompanies remained conservaive ancl ccnt nued ts rein in expa ns an. D3soc on t % assumpticrs that t Cx>vID19 ndcmi Is now ovor anc that thc U.sFode"al Rescrvo will slarl Lo cul inleres. lales in 2024, survoy pe1 Lici panils holc a posilivooutlcok for thg next tr ree years. 70% of respondents 8xpgct cheir business te irnprcve,while 25% expect their busiress to improve sign'fica tly. cc npared to l1 in the previoussurvey cond.nted in 2021. Most respondentsplan to increase theirlogistics real estatefootprint Al'gning with the optirniscic busi ness cutlook, just cwrer "=lf, or5g%, of respondents pla n to increase their logistics tootprintover the next three years. However, expsnsicnery clemsnd hasModcratexl sincc 20/21. The prewious survev faur<l thst 35%, offospondcnls inlcrd Lo incroesc Lheir logislics speco bv morcthan 30%, ith the prcportion ta ling to 11%s chis year. Of respondents plan toincrease their warehousespaceover the next threeyears SPLs were most uabeat, with 4% cf t his cohort stating theirintenticato add tr their fantrrint cver the next three years.Scmc 27% of 3PLs [>lan to Incrcase thclr va chouse spao l"i01c Lhan 30% M=nutactu'ers rem=ined ccnservative du to the contraction otforeign dena nd. Some s% of ma nufacurers expect to make nsc.hance tn :heir lag istics real estste fantrrint in t.he rext trreevesrs, while 4s% wi Tincrase t noir spaco. 02 City selection Flight to core Occupiers focus on tier Icity clusters as window ofopportunity opens 82% of rospondants intend to expand their logistice real estate footprint intier Iclusters, a significant increaGe on the 55% who stated thair intention todo so ln the 2021 survey. Ticrl city clustors ontinuc to play a koy rolc as logistics hube for corsu mpt on:I'lanu'dc lur irig. aric Lradu, aric ccirirrldrd d sigrificanl a vnlage ovol srilal ur ciligs.CBRE data shcw t n=t new supply in tier city cluster