"Business sentiment in the manufacturing sector remained subdued throughout 2024, mainly due to heightened geopolitical tensions and increased protectionist trade policies. Nonetheless, crossborder e-commerce continued to exhibit robust growth, significantly driving logistics demand in the GBA."

"Savills launched the inaugural publication of the Greater Bay Area Logistics Index Report in 2020 to provide developers, landlords, occupiers and investors with a benchmark to keep abreast of the changes in the logisticsmarket, enabling them to refine or adapt business and corporate real estate strategies, and the report is updated periodically."