MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
3 -1. Market Overview
Market Overview 2
Stock of logistics facilities in Japan*
(million m²)
700
Leading-edge
Logistics facilities
600
40 years old or older
logistics facilities
500
6.1%
44.8%
400
300
Future demand for
replacement of
aging properties
Highly scarce
200
leading-edge
100
logistics facilities
0
Logistics facilities.
(As of December 2021)
MFLP Mitsui Fudosan
Logistics Park Inc.
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Estimate for logistics facilities
40 years old or older
Share of logistics facilities
40 years old or older
Estimate for logistics facilities
less than 40 years old
Share of leading-edge logistics
facilities
50%
40%
30%
20%
10%
0%
(year)
Leading-edge
logistics facilities
(left axis)
(right axis)
less than 40 years old
49.1%
* Estimates by CBRE K.K. based on "Building Starts" (Ministry of Land, Infrastructure, Transport and Tourism) and "Summary Report on Prices, etc. of Fixed
Assets" (Ministry of Internal Affairs and Communications). Top left pie chart created by Asset Management Company, based on data the above graph.
Long-term data on construction starts of logistics
facilities (nationwide)
Tenant demand to increase floor space in logistics facilities
Survey "Priority/Focus Initiatives for the Next 3 Years (FY2022)"
Over 40 years old
thousand m²
20,000
15,000
10,000
5,000
0
0%
Open new logistics facilities,
increase floor area, number of facilities
Adopt/upgrade automation
equipment/facilities
Working environment for employees,
improving safety features
Enhance transport and delivery network
Consolidate/relocate facilities
Refurbish existing facilities
and equipment
ESG initiatives
Upgrade omni-channel
to reflect ESG issues
Assessing situation for now
10%
20%
30%
40%
50%
60%
(year)
Source: CBRE K.K. (May 2023)
Other
■Top priority
2nd priority
3rd priority
Figures calculated as the sum total of the floor area of structures with "warehouse" as the use category and "steel-framed structure,"
"reinforced concrete structure" or "steel-framed reinforced concrete structure" as the structure type.
Source: CBRE K. K. " Tenant Survey on use of Logistic Facilities 2022" (as of June 2022)
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