According to JLL, approximately 1,608,536 square meters of Grade A logistics centers in the Seoul metro area were supplied in the first quarter of 2023, the largest ever recorded. Construction delays from last year all were completed at once at the beginning of the year. Including logistics centers completed in the first quarter, the total expected supply for this year is being calculated at approximately 4.68 million square meters. Supply delays are a regular occurrence in the current logistics market. With such large-scale supply, the period required to stabilize after completion is being prolonged, making it difficult to secure project financing due to oversupply concerns and leasing risk. There are […]