Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE
Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

China’s commercial property market is thriving even as residential property lags and the overall economy slows

  • Foreign investment drove the growth in China’s commercial property in 2018, and domestic buyers look likely to join in the trend in 2019
  • While the office and retail sectors have borne the brunt of the fallout from the government’s deleveraging campaign, demand for warehousing space is surging

Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE
Workers in a TMall.com warehouse gather orders from customers in Jiangmen, Guangdong province. The combination of surging demand for high-standard warehouses from e-commerce companies, third-party logistics providers and manufacturers, coupled with a scarcity of land in major urban centres and tight land-use restrictions, has led to strong absorption of warehousing space. Photo: EPA-EFE
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.