Savills

Publication

China Industrial 2024

China Industrial 2024

Industrial real estate, pivotal to manufacturing's growth, is integral to China's economic ascent. Amid global supply chain shifts, the Chinese manufacturing sector is compelled to upscale and assert greater autonomy. The sector's evolution is propelling a swift transformation in industrial real estate, with a growing emphasis on smart, sustainable practices. The industry is also expanding its reach from regional to global scales. This report taps into the trajectory of China's manufacturing, highlighting high-standard factory spaces as the vanguard of industrial real estate, offering investors an analytical overview of market movements.

• Macroeconomics Fueling Advanced Manufacturing
Amid global economic flux, China's manufacturing sector is diversifying and complexifying. Under international pressures, it's striving to ascend the value chain, leveraging technological innovation to enhance productivity.

• Emerging Sectors Stimulating Market Demand
China's solidifying lead in advanced manufacturing is invigorating regional industries, and generating demands of factory leasing market. The report focuses on emerging sectors—electric vehicles, solar energy, industrial automation, and low-altitude economy—to underscore their pivotal role in industrial real estate's evolution.

• Trend-Driven Innovation
The industry is innovating across development, operation, and exit strategies, with a future focus on intelligent, sustainable factory designs to meet the demands of efficient, eco-friendly manufacturing. As "Made in China" gains global sway, the industry's geographical and operational horizons are set to broaden.

• Spotlight on Major Cities for Market Pulse
The industrial real estate market is in a state of flux, with new clusters emerging and market dynamics diversifying across cities. The report focuses on the leasing markets for factory in major cities, providing trend insights through data from major urban centers.