SUMMARY

• In 2024, new logistics supply amounted to 6 million sq m nationwide and 3.95 million sq m in the SMA, marking a decline of 18% and 34% YoY, respectively.
• Higher rents in newly built logistics centers have driven overall rent growth for dry storage, while cold storage rents continue to decline due to prolonged vacancies.
• Foreign investors accounted for 44% of total sales, similar to the previous year, indicating sustained interest in logistics centers since 2020.