A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP
A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Asian real estate investment: why logistics will continue to be a safe bet

  • Logistics is the only major commercial real estate sector to emerge stronger from the Covid-19 crisis
  • While the decline in yields in the logistics sector has raised concerns about a bubble in the making, strong fundamentals and post-pandemic trends point to a more positive story

A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP
A woman works at a packing station at the Amazon fulfilment centre in Staten Island, New York City, in February 2019. If there is a logistics real estate bubble in the making, it is not in Asia, but in the United States, where yields have fallen below those on offices. Photo: AFP
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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.