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The average vacancy rate for non-bonded high-standard warehouses in the Greater Bay Area climbed 6.6 percentage points from a year earlier. Photo: VCG
A surge in new logistics space and weaker cross-border e-commerce leasing have pushed the region into a tenant-led correction
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The average vacancy rate for non-bonded high-standard warehouses in the Greater Bay Area climbed 6.6 percentage points from a year earlier. Photo: VCG

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