2024 Greater Gwangju Logistics Market Report
Jinwoo Jung • 24/06/2024
According to the analysis of the supply and construction approval of logistics centers with a gross floor area of more than 3,000 pyeong(py) in the Greater Gwangju Area, the cumulative supply area by the 1Q 2024 is approximately 320,000 py. GFA of 1.3 million py is starting construction and GFA of 150,000 py is not under construction yet. Compared to the cumulative supply area with a GFA of 5,000 py in the Greater Chungcheong and the Greater Busan Area, which is 1 million py and 1.62 million py respectively, the supply of large-scale logistics centers in Greater Gwangju Area is a comparatively lower. As Non-Greater Seoul serves small e-commerce logistics centers with a gross floor area of less than 5,000 py, including them may slightly increase the logistics efficiency of Jeonbuk, but the lack of large-scale e-commerce operations in Jeonbuk shows that there is a great potential for growth in e-commerce logistics.
Contact
RELATED Insights
Research • Investment / Capital Markets
Magok Market Insight - Part Two
Major Asian cities that have experienced rapid growth in a short period of time have experienced an accelerated concentration of development in the city center due to the development of transportation networks and industries.
Jinwoo Jung • 27/05/2024
Insights • Investment / Capital Markets
Logistics Tenant Profile # 14 Gyeonggi Gwangju – Urban Logistics Battle
Gwangju, Gyeonggi has gained popularity as a logistics hub due to its excellent accessibility to major urban areas like southeastern Seoul, Yongin, Suwon, Seongnam, and Hanam.
Carter Kim • 25/03/2024
Research • Investment / Capital Markets
Logistics Tenant Profile # 13 Siheung·Ansan – Logis-City of Tomorrow
Siheung and Ansan areas can access major cities such as Seoul, Incheon, and Suwon, a densely populated area within one hour by taking advantage of the wide-area transportation network. It is emerging as a logistic base for e-commerce retailers.
Carter Kim • 26/02/2024