SAVILLS: China Industrial Logistics Market Report January 2023

2023

At the beginning, China's economy stabilized and rebounded, confidence was boosted, new industrialization continued to advance, and companies in manufacturing, logistics and real estate all pressed the accelerator for development.

Starting from this month, Savills Industrial and Logistics Services (ILS) will focus on industrial land and capital transactions , compile and publish the latest market information, and update and share asset transaction opportunities and products for lease and sale represented by Savills for your reference.

2022 Annual Summary

About Industrial Land Supply

The overall supply of industrial land in South China and North China is relatively small;

Among first-tier cities, Shanghai and Guangzhou have more supply than Beijing and Shenzhen;

Cities such as Chongqing, Nantong and Hefei have large supplies.

Key cities in each region

Industrial land transaction volume in 2022

About industrial land prices

The average land transaction price per mu in South China is generally high, while the price in West China and Central China is at a low point;

Among first-tier cities, prices in Guangzhou and Shenzhen are higher than those in Beijing and Shanghai;

Cities in northern Zhejiang within the East China region are generally higher than those in southern Jiangsu.

Key cities in each region

Average price per mu of industrial land in 2022

Regarding land tax/fixed investment requirements

The government's supervision of industrial land has become stricter, and in popular industrial cities, the tax intensity and investment intensity requirements are correspondingly higher.

In the central areas of some first-tier cities, the investment intensity requirement can reach RMB 15 million per mu, and the tax requirement can reach RMB 2 million per mu.

Key cities

Average tax revenue/fixed investment requirement range per mu

About the Asset Trading Market

The transaction activity of logistics and industrial park assets in East China is the highest in the country, and the transaction area and average price in Shanghai and Greater Suzhou are higher than other key cities.

Key cities in each region

Transaction area of ​​asset trading market in 2022

On the trend of domestic and foreign investment

Foreign investment in logistics assets accounts for a large proportion, mainly concentrated in first- and second-tier cities in East China and South China, while investment in industrial park assets accounts for a relatively small proportion, concentrated in first-tier cities in East China and North China;

Domestic investment accounts for a large proportion of industrial park assets, mainly concentrated in first-tier cities in North and South China.

Asset transaction volume and

Proportion of domestic and foreign investors