[photopress:Tianjin_1.jpg,full,alignright]Property consultant Jones Lang LaSalle (JLL) said in a research report that China’s five main logistics centers could be joined by ten second-tier cities as centers of manufacturing and logistics.
The second-tier cities all show increasing trends in retail growth. They are Chengdu, Hangzhou, Shenyang, Chongqing, Wuhan, Nanjing, Harbin, Changchun, Xi’an and Zhengzhou.
David Hand, managing director of Jones Lang LaSalle in Beijing, said, ‘Given that the retail sector accounts for three-quarters of logistics activity, the current and future location strategies of the large foreign retail multiples and expanding domestic retailers provide good lead indicators of the future geography of logistics.’
Logistics activity is expected to consolidate in to the five main hubs of Beijing, Shanghai, Guangzhou, Shenzhen and Tianjin. In northeast China’s the Bohai Bay region, Beijing and Tianjin dominate the market.
Even though 85% of logistics facilities are located in the Yangtze River Delta and Pearl River Delta, Bohai Bay enjoys favorable governmental policies.
Property developers are responding to the increasing demand by logistics operators for higher building specification in the drive for greater efficiencies, Jones Lang LaSalle said in its report.
This is a key driver in hubs like Suzhou, near Shanghai, and the port cities of Ningbo, Qingdao, Dalian and Xiamen which are gaining the attention of foreign developers.
Source: Forbes
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