Asia Pacific logistics markets are experiencing a shift, moving away from strongly tenant-favourable conditions. While many markets previously benefitted tenants, rising competition is now being observed, particularly in supply-constrained locations like Australia, Japan, and Singapore. A significant majority – 54% globally and 60% in APAC – anticipate rental growth, signaling increasing upward pressure on pricing. This signals a moderation of the tenant-friendly environment previously seen across the region. These changes reflect tightening market conditions and growing demand. The shift is driven by limited supply in key areas, contributing to the anticipated rental increases. Overall, the APAC logistics landscape is adapting to new dynamics.