CBRE: Demand for LMT space in Greater Tokyo being boosted by rise of e-commerce
In its recently published 2016 Japan Outlook, CBRE Research noted that demand for space at Large Multi-tenant Logistics Facilities (LMTs) across Greater Tokyo has been boosted by the rise of e-commerce which has, in turn, had an impact on logistics. E-commerce in Japan in 2014 was JPY12.8tn, or 15% more than in 2013. E-commerce’s share of total sales grew from 3.9% to 4.4%. In the United States, by contrast, e-commerce’s share of total sales increased from 5.8% to 6.4%.
Source : CBRE/December 2015/Tokyo/IND