世邦魏理仕：跨境电商的仓储需求进入调整期，扩张速度放缓

Core Insights - Despite some warehouse logistics developers in the Guangzhou-Foshan area pausing certain project developments, new projects continue to emerge, including high-standard warehouses built by state-owned platforms and village collectives, as well as rental spaces from e-commerce companies [1] - This increase in quality warehouse supply provides tenants with more options, but also puts pressure on market rents [1] - On the demand side, the warehouse demand from cross-border e-commerce is entering an adjustment period, with a slowdown in expansion speed; simultaneously, the new supply and increased vacancy rates are attracting tenants seeking cost reduction and efficiency improvements to consider relocation [1]