China's logistics and industrial property sector is experiencing a significant downturn. Average vacancy rates at logistics properties in east and north China are approaching 20%, the highest in years, according to real estate consultancies. This issue is exacerbated by the construction of more warehouses, leading to an oversupply. A $100 billion investment in China's economy is souring as warehouses remain empty. Local governments have significant exposure to this segment, which compounds the problem. Bloomberg reports that the commercial real estate sector, which had been resilient during the housing downturn that began in 2021, is now feeling the effects of spending cutbacks by consumers and businesses. This softening in the logistics and industrial sectors is occurring alongside a slump in the office property market. The logistics boom has gone into reverse.
China’s once-booming warehouses and industrial parks are grappling with a surprising slowdown in business activity https://t.co/hkSguooOZy
#Chinese #RealEstate stocks slid on expectation that housing market will remain under pressure in H2 of 2024. The weakness comes despite that capital Beijing on Wed announced more measures, incl cutting down payment requirements, to shore up housing market.… https://t.co/LN7HqrPHlm
China’s Manufacturing Boom Loses Steam. That Will Hobble Economic Growth Even More. https://t.co/2S2QKTsIEK
China overbuilt warehouses https://t.co/DU4UMr8dJZ
"CRE was a bright spot thru much of China’s housing downturn that began in 2021. It is now feeling the effects of spending cutbacks by consumers & businesses..softening in logistics and industrial sectors is happening alongside an office property slump.." https://t.co/H5PQ3THuPN
Investments in #China's Commercial #RealEstate continues to decline https://t.co/Ua01Fh90dL
Global 2000: China Ranks Thin On Real Estate Glut, Stock Slide https://t.co/yTqFHcto5t
CHINA: Bloomberg reports that a '$100 billion bet' on the country's economy has 'soured' as 'warehouses empty' and vacancies climb at many logistics and industrial parks
Vacancies are climbing at #China’s warehouses: https://t.co/g6NFBokvs0.
The China logistics boom has gone into reverse. Look at those vacancy rates https://t.co/fgwSyrzkU7 via @economics https://t.co/qfaD5lIgrA
1/4 Bloomberg: "Average vacancy rates at logistics properties in east and north China are approaching 20%, the highest in years. More warehouses are being built, which is making the problem worse." https://t.co/shJqQncLg2 via @economics
A $100 Billion Bet On China’s Economy Sours As Warehouses Empty - BBG https://t.co/ifg2XI18qr
A $100 Billion Bet on China’s Economy Sours as Warehouses Empty / eh wow hadn’t realized the scale was so large. I think local governments have large exposure to this segment also https://t.co/RWSb1Dw2Dp
“Average vacancy rates at logistics properties in east and north China are approaching 20%, the highest in years, according to real estate consultancies. More warehouses are being built, which is making the problem worse.“ https://t.co/gNVOFpNdvA