Investor Presentaiton
(thousand m²)
5-1. Market Overview [2]
Stock of logistics facilities in Japan
Logistics facilities
40 years old or older
35.2%
Future demand for
replacement of
aging properties
Logistics facilities
less than 40 years
old 60.5%
Leading-edge
logistics facilities
4.3%
Highly scarce
leading-edge
logistics facilities
(As of December 2018)
(million m²)
700
600
500
400
300
200
100
0
MFLP Mitsui Fudosan
Logistics Park Inc.
40%
35%
30%
25%
20%
15%
10%
5%
0%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (year)
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
Leading-edge
logistics facilities
(left axis)
(right axis)
*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).
For details, please refer to "About analysis of Japan's logistics facilities stock" on p. 44 of this presentation material.
Long-term data on construction starts of logistics facilities
(nationwide)
I
Tenants / End users of logistics facilities
Other
Over 40 years old
Other
4%
8%
20,000
Manufacturing
3%
Wholesale
9%
Logistics
5%
Manufacturing
26%
15,000
Share by
tenant
business type
Share by
end user
business type
Retail
41%
10,000
5,000
Retail
13%
0
1998
1999
2001
2002
2005
78
Source: CBRE K.K.
*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.
(year)
Source: CBRE K.K.
Logistics
71%
Wholesale
20%
*Figures are rounded to the whole number.
*The survey is of rental logistics facilities that are held by real estate investment companies, real estate development
companies, etc. and have total floor area of 5,000 m² or more as of the end of December 2019.
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