Under the guidance of the China Warehousing and Distribution Association, the "China General Warehousing Market Dynamic Report" of IoT Cloud Warehouse has been released for ten consecutive issues. The report comprehensively reflects the rental level and vacancy situation of storage facilities in major logistics node cities in China by summarizing and organizing real-time data of IoT Cloud Warehouse, reflecting the dynamic changes in supply and demand of the general warehousing market, summarizing market development laws, and predicting market development trends. In order to understand the development of the warehousing market and make it reasonable, the following is the full text of the Chinese report (complete high-definition bilingual PDF version, please download from the official website of IoT Cloud Warehouse).
The IoT cloud warehouse continues the achievements of previous reports, continuously expands the scope of statistics, strengthens the analysis of the warehousing market, and releases the "May 2019 China General Warehousing Market Dynamic Report". In May 2019, the online warehouse area of IoT Cloud Warehouse in China increased by 5.09 million square meters, with a total area of over 280 million square meters, an increase of 1.82% compared to April 2019; The online rentable area exceeded 28.22 million square meters, an increase of 5.24% compared to April. Warehouse resources cover 32 provinces, 212 cities, and 6361 industrial parks.
Rental level of general warehousing facilities in China in May 2019
The average monthly rent for warehouses in 30 cities across the country is 27.51 yuan/square meter, an increase of 0.62% compared to the previous period. Among them, the average rent for warehouses in South China and East China is higher than that in North China, West China, and Central China. Compared to April, the average rent for warehouses in East China, South China, West China, and North China has increased to varying degrees, with increases of 1.20% (East China), 0.87% (South China), 0.63% (West China), and 0.30% (North China), respectively; The central region has decreased by 0.13%.
The cities with the highest average rent for warehouses are still Beijing, Shanghai, and Shenzhen, all of which are above 40 yuan/㎡ · month. Compared to April, due to the upcoming 618 e-commerce promotion, some e-commerce companies in Shanghai rented warehouses to stock up, resulting in increased warehouse demand and an average warehouse rent increase of 0.86%; In addition, due to the "5.16" collapse accident, the Shanghai Municipal Government has successively launched special fire safety actions, focusing on fire safety inspections of factories, warehouses, and construction sites. The Shanghai warehousing market may experience fluctuations in the future.
The cities with the lowest average rent for warehouses are Shijiazhuang and Nanchang, both below 20 yuan/㎡ · month. Compared to April, the average rent of warehouses in Shijiazhuang has not fluctuated much, and the market is stable; Part of the third-party vacant warehouse owners in Nanchang have increased their investment incentives, resulting in a 2.26% decrease in the average rent of the warehouses in the area.
The city with the largest fluctuation in average warehouse rent is Hefei, with a month on month increase of 3.08%. From May to October, Hefei has carried out a special campaign to rectify fire safety, focusing on addressing prominent issues such as inadequate fire separation, blocked evacuation routes, illegal storage of flammable and explosive dangerous goods, and damage to fire-fighting facilities. Some old and non compliant warehouses are facing rectification or closure, and some tenants are seeking suitable warehouse sources, resulting in an increase in market demand for warehouses and an increase in average warehouse rent.
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