CBRE Research's 2023 Japan Logistics Occupier Survey found that tenant appetite for logistics network expansion is driven by factors such as increased demand from the manufacturing sector and the need for advanced logistics facilities. Expansion strategies include the use of technology and the development of centers in regional cities and transit locations. However, the industry faces challenges such as labor shortages and automation, which are expected to increase requirements for advanced logistics facilities in the coming years. To address the "2024 problem" (with truck driver overtime restrictions), policies are being implemented to improve supply chains. The survey also found that stock loading and distribution loads are expected to increase due to the construction of new semiconductor plants.
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