Logistics
Korean logistics centers see high demand from untact businesses amid global pandemic
Chang Jae Yoo
Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' (3PL) leasing activities, according to a quarterly report issued by Jones Lang LaSalle Incorporate.
Centers in the Seoul Capital Area have posted an overall vacancy rate of 7.9% during the second quarter, down 2.4% from the previous quarter. This can be attributed to the increased leasing demands from e-commerce and 3PL companies that are seeing ...
Danbee Lee edited this article