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Chengdu | 2021 H1 | Logistics : Demand remained active and two new projects came online

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Chengdu | 2021 H1 | Logistics : Demand remained active and two new projects came online

 

Dear Valued Client,

• In H1, Cainiao Qingbaijiang Logistics Park and Sion-Ocean Qingbaijiang Logistics Park Ph.2 were delivered. Qingbaijiang’s rent continued to drop due to large supply and high vacancy.
• Net absorption was 451,200 square metres (4.85 million square feet), a decrease of 33.5% HOH but a significant increase compared to the negative figure in H1 2020.


Chengdu | 2021 H1 | Logistics : Demand remained active and two new projects came online

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