The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP
The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP
Property /  Hong Kong & China

China’s push for modern warehouses derailed by local government reluctance

The leasing of warehouses generates less tax than house sales or manufacturing

Topic |   Transport and logistics
Summer Zhen
Summer Zhen

Updated: 2:54pm, 20 Jul, 2018

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The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP
The vacancy rate of logistics properties in Beijing fell to 1.3 per cent in the third quarter of this year. Photo: AFP
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