# APAC logistics rents rise 1.2% in H1 2026 - **Source:** Real Estate Asia - **Published:** 2026-08-24T23:23:27.000Z - **Author:** Staff Reporter - **Original:** https://realestateasia.com/industrial/in-focus/apac-logistics-rents-rise-12-in-h1-2026 - **Topics:** Commercial & Industrial, Government & Policy, Regional Markets ## Featured rationale Resilient but selective occupier demand may favour modern, high-specification facilities, while greater availability in some markets could moderate broader rental growth. ## AI summary Asia-Pacific logistics rents rose 1.2% in H1 2026, with 15 of 18 tracked markets recording stable or higher year-on-year rents. ## Original article Modern logistics facilities gain favour as occupiers become more selective. Asia-Pacific logistics demand remained resilient in the first half of 2026, with occupiers increasingly prioritising supply chain flexibility, operational efficiency and modern facilities, according to Knight Frank's latest Asia-Pacific Logistics Highlights H1 2026 report. Knight Frank said rents across the region rose 1.2% over the six months, while 15 of the 18 markets tracked recorded stable or higher rents year-on-year. However, occupiers are taking a more measured approach to expansion, focusing on optimising distribution networks and securing higher-quality facilities rather than simply adding capacity. The property consultancy said trade-policy shifts and disruption to major shipping corridors are also reinforcing the importance of flexibility and optionality in logistics networks. Rental performance remained uneven. Greater availability in parts of East Asia and selected developed markets has given occupiers more choice and moderated pricing pressure, prompting landlords to compete increasingly on asset quality, sustainability and functionality. Brisbane recorded the region's strongest rental growth, with rents up 10.4% year-on-year and 8.6% in the first half of 2026. Knight Frank attributed the performance to sustained demand from logistics, retail and transport occupiers, alongside falling vacancy as excess supply was absorbed. The report also highlighted Amazon Australia's plans for a more than A$750 million robotics fulfilment centre at North Maclean, which is expected to add 150,000 sq m of highly automated logistics space to the South East Queensland network. India remained one of the region's most active occupier markets, supported by manufacturing expansion, rising domestic consumption and supply chain diversification. Knight Frank said occupiers are increasingly seeking institutional-grade facilities capable of supporting automation and more sophisticated distribution networks. Across Southeast Asia, manufacturing diversification and supply chain realignment continued to support demand, with Vietnam benefiting from growing requirements from electronics manufacturers and logistics operators. Singapore's logistics market remained broadly balanced, following strong rental growth in 2025. Prime logistics rents increased 6.8% year-on-year but were largely stable during the first half of 2026, with steady occupier demand supporting occupancy despite a sizeable development pipeline. Knight Frank said Singapore's strategic connectivity, trade infrastructure and role as a regional distribution gateway continue to underpin demand for modern logistics facilities. Maersk's opening of its 1.1 million sq ft fully automated World Gateway II distribution centre in March was cited as an example of investment in advanced logistics infrastructure. Looking ahead, Knight Frank expects occupiers to remain selective, with leasing decisions closely tied to operational requirements. The consultancy said flexibility, efficiency, sustainability and resilience will increasingly shape real estate decisions. Tim Armstrong, Global Head, Occupier Strategy and Services at Knight Frank, said the Asia-Pacific logistics market had entered a more mature phase in which occupiers were focusing on "the type of spaces they occupy rather than simply securing capacity". Armstrong said the broader availability of options and measured rental growth was giving occupiers greater scope to optimise portfolios, consolidate operations and upgrade to higher-specification facilities. Meanwhile, AI is emerging as a new structural source of logistics demand, according to Christine Li, Head of Research, Asia-Pacific at Knight Frank. She said the region's expected emergence as a major data-centre hub, alongside an estimated US$800 billion of data-centre investment by 2030, is driving demand for physical infrastructure to support increasingly complex technology supply chains. Li pointed to DHL, which already operates more than 30,000 sq m of dedicated data-centre logistics warehousing across Asia-Pacific and has committed to a further 130,000 sq m of expansion and build-to-suit development in Malaysia and Thailand. Knight Frank expects the acceleration of AI and data-centre investment to generate further demand for specialised, high-specification logistics facilities capable of supporting these technology-driven supply chains. ## Chinese translation > Translation model: grok_cli ### 亚太物流租金2026年上半年上涨1.2% 亚太物流需求在2026年上半年保持韧性，租户日益优先考虑供应链灵活性、运营效率 现代化物流设施因租户日趋挑剔而更受青睐。 莱坊（Knight Frank）最新发布的《亚太物流要点H1 2026》报告显示，亚太物流需求在2026年上半年保持韧性，租户日益优先考虑供应链灵活性、运营效率和现代化设施。 莱坊表示，该地区租金在这六个月内上涨1.2%，所追踪的18个市场中有15个录得租金同比持平或上涨。不过，租户在扩张方面采取更为审慎的态度，重点优化配送网络并锁定更高品质的设施，而非单纯增加产能。 这家房地产咨询公司表示，贸易政策转变及主要航运通道中断，也进一步凸显了物流网络灵活性与可选性的重要性。 租金表现仍不均衡。东亚部分地区及部分发达市场供应更为充裕，租户选择增多，定价压力有所缓和，促使业主日益在资产质量、可持续性和功能性上展开竞争。 布里斯班录得该地区最强租金涨幅，租金同比上涨10.4%，2026年上半年上涨8.6%。莱坊将这一表现归因于物流、零售和运输租户的持续需求，以及过剩供应被消化后空置率下降。 报告还提到，亚马逊澳大利亚计划在North Maclean投资超过7.5亿澳元建设机器人履约中心，预计将为昆士兰东南部网络新增150,000平方米高度自动化物流空间。 印度仍是该地区最活跃的租户市场之一，受制造业扩张、国内消费上升和供应链多元化支撑。莱坊表示，租户日益寻求能够支持自动化及更复杂配送网络的机构级设施。 在东南亚，制造业多元化和供应链调整继续支撑需求，越南受益于电子制造商和物流运营商不断增长的需求。 继2025年租金大幅上涨后，新加坡物流市场整体保持均衡。优质物流租金同比上涨6.8%，但在2026年上半年基本持稳；尽管开发管线规模可观，稳定的租户需求仍支撑着出租率。 莱坊表示，新加坡的战略连通性、贸易基础设施及其作为区域配送门户的角色，持续支撑对现代化物流设施的需求。马士基于3月启用占地110万平方英尺的全自动化World Gateway II配送中心，被引为先进物流基础设施投资的例证。 展望未来，莱坊预计租户将保持挑剔，租赁决策将与运营需求紧密挂钩。该咨询公司表示，灵活性、效率、可持续性和韧性将日益影响房地产决策。 莱坊全球租户策略与服务主管Tim Armstrong表示，亚太物流市场已进入更为成熟的阶段，租户关注的是“所占用空间的类型，而非单纯锁定产能”。 Armstrong表示，选择范围扩大以及租金温和上涨，使租户有更大空间优化投资组合、整合运营并升级至更高规格的设施。 与此同时，莱坊亚太研究主管Christine Li表示，人工智能正成为物流需求的新结构性来源。她指出，该地区有望成为主要数据中心枢纽，加上到2030年预计8000亿美元的数据中心投资，正在推动对实体基础设施的需求，以支撑日益复杂的技术供应链。 Li以DHL为例指出，该公司已在亚太地区运营超过30,000平方米的专用数据中心物流仓储，并已承诺在马来西亚和泰国再增加130,000平方米的扩建及按需定制开发。 莱坊预计，人工智能和数据中心投资加速，将进一步催生对能够支撑这些技术驱动型供应链的专业化、高规格物流设施的需求。