MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
1 -2. Internal Growth 2
Steady and stable property management
Supply-demand balance and vacancy rate
Greater Tokyo area
thousand m
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Greater Nagoya area
thousand m
Greater Osaka area
Forecast
Forecast
thousand m
15%
2,000
15%
1,000
MFLP Mitsui Fudosan
Logistics Park Inc.
Forecast
15%
12%
12%
12%
750
1,500
9%
9%
9%
500
6.8%
1,000
6%
6%
250
500
3%
2.2%
3%
2.0%
6%
5.3%
3%
3.9%
0.5%
0%
0
0%
0
0%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: CBRE K.K. (including forecast figures) (August 2023)
Vacancy rate
(logistics facilities 1 year old or older)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
* 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.
Vacancy rate in 2023 is as of the end of June 2023.
Rising demand on back of growth in e-commerce
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
New supply
New demand
Vacancy rate
Stock of logistics facilities in Japan*
Logistics facilities
40 years old or older
44.8%
Future demand for
replacement of
aging properties
Logistics facilities
less than 40 years old
49.1%
Source: CBRE K.K. (February 2023)
Leading-edge
logistics facilities
market scale
(hundred million yen)
6.1%
-E-commerce ratio(the whole world)
210,000
-E-commerce ratio(USA)
--E-commerce ratio(Japan)
180,000
■Scale of E-commerce market
Highly scarce
150,000
leading-edge
logistics facilities
120,000
22.7
trillion yen
(%)
20
19.3%
15
14.7%
10
9.1%
5
90,000
(As of December 2021)
60,000
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Source: "E-Commerce Market Survey" by the Ministry of Economy, Trade and Industry
(Announced on August 31, 2023)
* This is a calculation of the total floor area of buildings classified as "warehouses" by use and of "steel-frame
construction," "reinforced concrete construction," or "steel-framed reinforced concrete construction" by
structural type.
* Amounts and percentages indicate the scale of B to C market in the e-commerce market.
The basis for the calculation of the e-commerce ratio is limited to merchandise sales.
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