Capitalization rates of industrial and logistics real estate in the Asia-Pacific (APAC) region in 1st quarter 2025, by market

Taipei, Tokyo, and Osaka were the markets with the lowest cap rates for logistics real estate among the 19 Asia-Pacific (APAC) markets compared. Traditional logistics facilities in Taipei achieved a maximum market cap of  **** percent in the first quarter of 2025, while the market capitalization of institutional-grade logistics was even lower, at **** percent. The cap rate measures the rate of return on commercial properties and is calculated by dividing the net operating income of a property by its asset value. While a higher rate might promise higher return, it is also an indication of a riskier asset.