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

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

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

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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