跨境电商广佛仓储大变阵

Core Insights - The report indicates that the Guangzhou and Foshan warehousing logistics market experienced a significant rebound in demand and a decline in rental prices in 2025, driven by policy incentives, adjustments in e-commerce structures, and deepening regional divisions [1][2]. Supply and Demand - In 2025, Guangzhou's warehousing market reached a supply peak with 12 quality projects delivered, totaling approximately 930,000 square meters [1]. - The net absorption in Guangzhou was 757,000 square meters, a significant rebound from negative absorption in 2024, despite an increase in vacancy rates to 8.9% by year-end [1][3]. - Foshan's warehousing market saw a record net absorption of 1.68 million square meters, a year-on-year increase of 137%, with a decrease in vacancy rates to 6.6% [3]. Rental Trends - Guangzhou's rental prices fell by 7.6% year-on-year to 35.5 yuan per square meter per month by the end of 2025 [1]. - Foshan's rental prices also decreased by 7.0% year-on-year to 34.4 yuan per square meter per month [3]. - The decline in rental prices in both cities is attributed to increased supply and stronger bargaining power of tenants, particularly in the context of cross-border e-commerce [3]. Sector Performance - Third-party logistics accounted for the highest transaction share in Guangzhou at 65%, with significant contributions from a major e-commerce platform [2]. - Pure e-commerce transactions made up 27% of the total, with cross-border e-commerce representing 17% of all transactions [2]. - In Foshan, cross-border e-commerce transactions dominated, accounting for 81% of total transactions, indicating a shift in market dynamics [2]. Future Outlook - Both Guangzhou and Foshan are expected to continue experiencing supply peaks in 2026, with projected new warehousing facilities of 2.64 million and 1.33 million square meters, respectively [3]. - The expansion of the new airport in Foshan is anticipated to positively impact the local warehousing market [3].