Investor Presentaiton
Market Environment for Logistics Properties
Supply and Demand of Logistics Properties for Lease
in the Three Major Metropolitan Areas
Daiwa House REIT Investment Corporation
Development of Medium-to-Large Scale Logistics Properties
in the Three Major Metropolitan Areas
(thousand m²)
(thousand m²)
2,400
2,000
1,600
1,200
800
400
0
12%
4,000
3,500
10%
3,000
8%
2,500
6%
2,000
4%
1,500
1,000
2%
0%
500
0
2008 2009 2010 2011 2012 2013 2014 2015 2016
New supply (LHS) New demand (LHS) Vacancy rate (RHS)
Average Offered Rent for Logistics Properties
in the Three Major Metropolitan Areas
(yen/tsubo/per month)
6,000
5,000
4,000
3,000
2,000
1,000
Source: CBRE
(planned) (planned)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
■Greater Tokyo area
■Greater Nagoya area
■Greater Osaka area
Other areas
Source: CBRE
// Proportion of Advanced Large-scale Logistics Properties
Japan
Greater Tokyo area
2008 2009 2010 2011 2012 2013 2014 2015 2016
Greater Tokyo area
Greater Nagoya area
Greater Osaka area
Three major metropolitan areas
Source: CBRE
Advanced large-scale
logistics properties
3.3%
Other logistics properties
96.7%
Advanced large-scale
logistics properties
7.9%
Other logistics properties
92.1%
Source: CBRE
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