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Home » Colliers International Japan Co., Ltd. Large-scale logistics facilities New supply forecast from 2024 to 2026 | Four metropolitan areas The amount of new supply in the four metropolitan areas will continue to remain at a high level

Colliers International Japan Co., Ltd. Large-scale logistics facilities New supply forecast from 2024 to 2026 | Four metropolitan areas The amount of new supply in the four metropolitan areas will continue to remain at a high level

[Colliers International Japan Co., Ltd.] Large logistics facility Outlook for new supply from 2024 to 2026 | Four metropolitan areas The amount of new supply in the four metropolitan areas will continue to remain at a high level
*Colliers International Japan Co., Ltd.*
Press release: July 11, 2024
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Outlook for new supply of large logistics facilities from 2024 to 2026 | Four metropolitan areas The amount of new supply in the four metropolitan areas will continue to remain at a high level
*The “2024 problem” in the logistics industry and the increasing supply of logistics facilities in metropolitan areas*
Colliers International Japan Co., Ltd. (Representative: Ogasawara) is a major comprehensive real estate consulting service and investment management company.
Yukihiro, Headquarters: Chiyoda-ku, Tokyo, NASDAQ and TSX: CIGI (hereinafter referred to as Colliers Japan) today announced the construction of a large-scale logistics facility.
New supply outlook for 2024-2026 | Four major metropolitan areas” announced. This report is an analysis by Colliers Japan of the future outlook for new supply of logistics facilities in the Tokyo, Osaka, Nagoya, and Fukuoka areas based on independently collected data.

In 2023, there will be a total of just under 2 million tsubo of new supply in the four metropolitan areas, one of the largest supply volumes ever. In 2024, there will be a total of 1.51 million tsubo of new supply, although it will decrease from the previous year, and in 2025, a total of 1.38 million tsubo will be new supply, continuing at a pace of over 1 million tsubo per year. Therefore, the amount of new supply in the four major metropolitan areas is expected to remain at a high level.
New supply of large logistics facilities Four major metropolitan areas

The logistics industry is facing the “2024 problem,” with stricter working hours regulations and a shortage of truck drivers. On the other hand, increasing demand due to the expansion of e-commerce, etc. requires the enhancement of logistics infrastructure that covers both inside and outside of metropolitan areas. Amid these changes, demand is on the rise, and as the supply of large-scale logistics facilities continues, the multi-tenant large-scale logistics facility market is expected to expand further.

*New supply in the Tokyo area exceeds other metropolitan areas*

The supply of logistics facilities in the Tokyo and Osaka areas, which make up the core of Japan’s metropolitan areas, is expected to remain at a high level from 2024 onwards. In the Tokyo area, as a result of the recent increase in supply, there is a tendency for oversupply in some areas, and the period required to attract tenants is becoming longer, with some new properties taking more than a year from completion to full occupancy. Masu. In the rental market, while vacancies are increasing, there is only a limited decline in asking rent levels due to soaring construction costs. In the Osaka area, the supply and demand balance as of the first half of 2024 is relatively stable, but it is necessary to pay close attention to changes in market conditions due to future increases in supply.
New supply of large logistics facilities by metropolitan area

* Tokyo area supply trends *

New supply of large-scale logistics facilities by area in 2024 is expected to be centered around Kanagawa, Ibaraki, and Chiba. Along the Ken-O Expressway, the supply of large-scale properties over 50,000 tsubo is pending, and a total of around 30 large-scale properties over 10,000 tsubo are expected to be supplied by 2025. In the northwestern part of the Tokyo area, from the West Tokyo area to the Ken-O Expressway Saitama area, approximately 150,000 tsubo of new supply is planned for each area by 2025. More than 10 large-scale properties exceeding 10,000 tsubo have been supplied, and development along the Ken-O Expressway is also noticeable here. Along the Joban Expressway in the Chiba inland area, more than 10 new large-scale properties with an area of ​​more than 10,000 tsubo are scheduled to be added by 2025.

*Osaka area supply trends*
In 2023, supply increased mainly in Kobe City, Hyogo Prefecture, and the supply amount was the highest in the Osaka area. By 2025, the GLP A large amount of supply is expected, including “ALFALINK Amagasaki”, and is expected to account for the majority of new supply in the Osaka area.
Osaka Prefecture will receive 270,000 tsubo of supply in 2024. “G.L.P. “ALFALINK Ibaraki 1″ will be the largest scale, and it is said that supply of the same series will continue from next year onwards. Compared to Osaka and Hyogo prefectures, the amount of supply in other prefectures is small, but from 2024 to 2025, Shiga Prefecture will develop the UI Konan Logistics Center (tentative name).
The 1st and 2nd phase plans are scheduled to be completed and will be the largest in the area.

*Nagoya area supply trends*

In 2023, supply in Mie and Aichi prefectures was noticeable. In Mie Prefecture, MFLP Yatomi Kisomisaki, with a total floor area of ​​approximately 30,000 tsubo, has been completed, and in Aichi Prefecture, “Logiport Nagoya 2”, with a total floor area of ​​26,000 tsubo, is scheduled to be completed in Nagoya City in 2025. MFLP Ichinomiya, with a total floor area of ​​just under 20,000 tsubo, is also contributing to the increase in new supply in Aichi Prefecture. In Shizuoka Prefecture, “(tentative name) MCUD・ZIP” will be implemented in 2025. Shizuoka Kakegawa” is scheduled to be completed. DPL Kakegawa B will be completed in 2023, and development along the Tomei Expressway will continue. Considering the 2024 issue, there is a view that western Shizuoka Prefecture has an advantage over Aichi Prefecture, which is slightly closer to Osaka, as a location for a relay base between Tokyo and Osaka, and future supply trends will be of interest. It has been.

*Fukuoka area supply trends*

From 2023 to 2024, the supply in Fukuoka Prefecture will increase, with approximately 100,000 tsubo of new supply per year expected to continue. Supply is increasing in the area around Tosu Junction, which is a turning point to various parts of Kyushu, and multiple properties are planned to be supplied in areas such as the Koga area, which is the gateway to Fukuoka City from the Honshu area.
Maple Tree Chikushino Logistics Center, which was completed in 2023, has a total floor area of ​​70,000 tsubo, making it the largest property in the area.

You can download “Large Logistics Facilities New Supply Outlook for 2024-2026 | Four Metropolitan Areas” below.
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*About Colliers*

Colliers is one of the world’s leading full-service real estate professional services and investment management companies, listed on Nasdaq and the Toronto Stock Exchange. With operations in 68 countries, our 19,000 enterprise-minded employees provide expert advisory services to help our clients, tenants, owners, and investors maximize the value of their real estate. Masu. Additionally, our experienced management team, which owns our stock, has provided shareholders with an annual return of approximately 20% for over 29 years. It has annual revenues of $4.3 billion and assets under management of $96 billion.

*About Colliers Japan*

Colliers Japan has over 100 professionals based in Tokyo and Osaka, and provides office leasing, industrial leasing, leasing management, capital markets, investment services, and project management for domestic and overseas investors, owners, and tenants. , provides advisory services such as design-build, workplace consulting, and real estate appraisal.

For the latest information on Colliers, please visit our website. https://www.colliers.com/ja-jp/about

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