MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
3 -1. Market Overview
Market Overview 1
Supply-demand balance and
vacancy rate 3/3
Greater Nagoya Area
thousand m
1,000
MFLP Mitsui Fudosan
Logistics Park Inc.
New supply
Logistics facilities properties held
New demand
by MFLP-REIT
Forecast
Kyushu Area
Forecast
thousand m
Vacancy rate
: Properties developed
by Mitsui Fudosan
Chugoku Area
thousand m
Vacancy rate
(logistics facilities 1 year
old or older)
Mitsui Fudosan's
strategic areas
*As of June 30, 2023
Forecast
15%
400
15%
200
30%
350
12%
750
300
12%
150
20%
250
9%
500
200
6%
9%
100
6%
150
10%
250
100
3%
50
3%
50
0
0%
0
0%
0
0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024,
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
(年)
(year)
(year)
thousand m
500
thousand m
15%
150
thousand m
15%
100
15%
400
300
200
100
5.3%
10%
100
5%
50
3.9%
75
10%
5%
0.8%
0
0%
0
0%
03
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2021
2022
2023
2021
2022
2023
50
25
0.0%
10%
5%
0%
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2021
2022
2023
MFLP Inazawa
MFLP Ichinomiya
MFLP Komaki
MFLP Nagoya-lwakura
Aichi
Prefecture
MFLP Yatomi Kisosaki
SG Realty MFLP
Fukuoka Kasuya-
MFLP Fukuoka I
Fukuoka
Prefecture
MAFLP Tosu
Hiroshima
Prefecture
Okayama
Prefecture
MFLP Hiroshima I
Source: CBRE K.K. (August 2023)
* Survey of rental logistics facilities held by real estate investment companies,
real estate development companies, etc. with total floor area of 5,000 m² or more.
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