Recently, CBRE released a report that there were 47 industrial land transfers of 1.87 million square meters in Guangzhou in the fourth quarter of 2021. The annual turnover of industrial land was 5.74 million square meters, a slight increase of 0.3% year-on-year.
Among the 141 transactions included, the land use life of 19 plots was less than 50 years, a year-on-year increase of 27%. In terms of land use nature, there were two logistics land transfers in 2021, located in Baiyun and Huadu respectively; In addition, there are eight new industrial lands, an increase over 2020.
It is reported that last year, there were five projects in Guangzhou, with a total of about 400000 square meters of bonded new supply put into the market, a record high. Thanks to the active export cross-border e-commerce demand and the high entry level of most new projects, the annual net absorption reached 590000 square meters, also a record high. At the end of the year, the vacancy rate fell to 4.0%, a year-on-year decrease of 8.9 percentage points. In addition to the active large-scale cross-border e-commerce, fresh e-commerce, cold storage operators and third-party logistics also recorded the expansion in Guangzhou and surrounding cities. The low vacancy level pushed up the city's rent, which increased by 3.9% year-on-year in 2021, to 38.7 yuan per square meter per month at the end of the year.
CBRE report shows that in 2022, Guangzhou will usher in a new peak of high-quality logistics warehousing supply, and the supply will reach 1.05 million square meters, more than the sum of the past four years. Among them, Nansha will usher in the first non bonded high-standard project, and the south area of Guangzhou Guangzhou Baiyun International Airport Company Limited(600004) comprehensive bonded zone will also usher in two rentable high-standard bonded warehouses, with a total area of 270000 square meters put into the market.
Deng Wei, consultant and head of transaction services and industrial real estate department of CBRE in South China, said: "it is expected that the supply will reach a record high in 2022, which will especially help to fill the demand of southern regions with long-term insufficient supply, such as Nansha and Panyu. At the same time, it can radiate the surrounding areas such as Dongguan, Foshan and Zhongshan. It is expected that the rent will still increase."
