Investor Presentaiton
Market Environment for Logistics Properties
Supply and Demand of Medium-to Large-scale
Logistics Properties in the Three Major Metropolitan Areas
(thousand m²)
3,500
Daiwa House REIT Investment Corporation
// Development of Medium-to Large-scale Logistics Properties
(thousand m²)
3,000
2,500
2,000
1,500
1,000
500
7%
4,000
6%
3,500
5%
3,000
2,500
4%
2,000
3%
1,500
2%
1,000
1%
500
0%
2015
2016
2017
2018
New demand (LHS) - Vacancy rate (RHS)
2012 2013 2014 2015
■Greater Tokyo area
Source: CBRE
2016 2017 2018
■Greater Osaka area
Other areas
2019
2020
(planned) (planned)
Source: CBRE
1
2012 2013
2014
New supply (LHS)
Average Offered Rent for Medium-to Large-scale
Logistics Properties in the Three Major Metropolitan Areas
Greater Nagoya area
// Proportion of Advanced Large-scale Logistics Properties
(yen/tsubo/per month)
5,000
4,000
3,000
2,000
2012 2013
2014
2015
Greater Tokyo area
Greater Nagoya area
Japan
Greater Tokyo area
2018
2016 2017
Greater Osaka area
Three major metropolitan areas
Advanced large-scale
logistics properties
4.3%
Other logistics properties
95.7%
Advanced large-scale
logistics properties
9.2%
Other logistics properties
90.8%
Source: CBRE
Source: CBRE
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