2025年5月中国通用仓储市场动态报告

Investment Rating - The report does not explicitly provide an investment rating for the general warehousing industry in China. Core Insights - The report reflects the dynamics of the general warehousing market in China, summarizing supply and demand trends, rental levels, and vacancy rates across 41 major logistics cities [5][7][40]. Summary by Sections 1. General Warehousing Demand Situation - The eastern region is the main demand driver, with a significant portion of demand for smaller warehouse spaces [17][21]. - In May 2025, the largest share of leasing demand was for warehouses under 1,000 m², accounting for 42.86% of total demand [21]. 2. General Warehousing Supply Situation - In May 2025, the new supply of general warehouses was 517,000 m², a decrease of 36.17% month-on-month and 55.92% year-on-year [25][30]. - New supply was primarily concentrated in the eastern region, with major contributions from cities like Tianjin, Shenyang, and Beijing [30]. 3. Warehousing Land Transaction Situation - There were 36 land transactions for warehousing in 41 key cities, covering an area of 3,110.5 acres, with a total transaction value of 1.69 billion yuan, reflecting a significant increase of 209.77% month-on-month [33][36]. 4. General Warehousing Rental and Vacancy Rate Analysis - The average rental rate in May 2025 was 23.18 yuan/m²/month nationally, showing a decline, while the vacancy rate increased to 16.43% [40][41]. - The average rental rate in 41 cities was 23.67 yuan/m²/month, also reflecting a decrease, with a vacancy rate of 14.88% [40][41]. 5. Regional Rental and Vacancy Rate Analysis - Northeast Region: Average rental was 15.90 yuan/m²/month, with a vacancy rate of 21.78% [48][65]. - Eastern Region: Average rental was 30.38 yuan/m²/month, with a vacancy rate of 16.73% [52][71]. - Central Region: Average rental was 20.49 yuan/m²/month, with a vacancy rate of 10.11% [57][73]. - Western Region: Average rental was 18.31 yuan/m²/month, with a vacancy rate of 8.71% [62][79]. 6. Recommendations for Quality Warehousing Sources - The report includes recommendations for high-standard warehouses across various regions, highlighting their features and strategic locations [83][85][91].