Industrial Land Trend

Industrial Land Regional Price Overview

Get the latest insights on price movement and trend analysis of Industrial Land in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Industrial Land Price Trend for the First Half of 2025

In the first half of 2025, industrial land prices continued their upward trend globally, supported by solid demand and tight supply. Across many regions, businesses were still adjusting their supply chains, with a strong push toward diversification and resilience. This created new demand in emerging markets while keeping core industrial zones active.
 

Industrial Land Price Chart

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In Asia, Vietnam and Thailand remained key hotspots, with strong investor interest from sectors like electronics, electric vehicles, and logistics. Vietnam's high occupancy rates and new land supply helped support moderate price growth, especially in northern regions.

In Thailand, land prices climbed steadily, driven by ongoing relocations from China and government incentives. Meanwhile, India saw increasing land activity as industrial policies, including production-linked incentives, attracted manufacturing investment.

In mature markets such as the U.S. and parts of Europe, price movements were more stable. Although economic uncertainties and higher interest rates impacted overall investment sentiment, prime industrial assets remained attractive. Yields in major cities started to compress again as rate cuts and improving economic indicators boosted confidence. Australia began to recover from earlier economic pressures, with industrial land demand returning in key cities like Sydney and Brisbane.

Overall, the global industrial land market saw mixed dynamics some regions expanded supply to meet rising demand, while others experienced pricing pressure due to land scarcity and rising input costs.

Analyst Insight

According to Procurement Resource, Industrial Land prices are expected to remain firm in H2’25, with growth likely in regions offering infrastructure readiness, policy support, and strong occupier demand.
 

Industrial Land Price Trend for the Year 2024

In 2024, industrial land prices showed a mixed but largely resilient performance globally, shaped by shifting market dynamics and ongoing demand for logistics, manufacturing, and digital infrastructure.

The first half of the year saw steady price growth in several regions, driven by limited supply and continued interest from occupiers and investors. Despite broader economic uncertainties, industrial real estate remained one of the more stable sectors, supported by e-commerce, supply chain reconfiguration, and increased nearshoring activity.

In Asia, countries like Vietnam experienced healthy rental growth due to strong manufacturing output, export performance, and rising foreign investment. Limited supply in tier 1 markets led to higher occupancy rates and drove interest toward more affordable tier 2 regions.

In Europe, while demand remained solid, constraints around energy supply and stricter environmental regulations began influencing site selection and development timelines. Meanwhile, data center expansion started to impact land competition in non-traditional markets, particularly where power availability and land deliverability aligned.

North America experienced a slight cooling in certain high-demand markets due to higher borrowing costs and elevated construction expenses. However, prices held up overall due to land scarcity and sustained tenant demand. Select regions, such as the U.S. Midwest and parts of Canada, gained traction as alternatives to overheated urban hubs.

Analyst Insight

According to Procurement Resource, Industrial Land prices are expected to remain stable to moderately rising in 2025, supported by continued demand for logistics and digital infrastructure, though growth may be slower in high-cost regions facing economic headwinds.
 

Industrial Land Price Trend for the Year 2023

In 2023, the industrial land market experienced notable shifts driven by global economic pressures. In China, industrial land price inequality showed a more balanced trend after years of uneven growth.

From previous patterns of regional disparities especially the aggressive pricing strategies in eastern China, 2023 showed signs of moderation. This was likely due to improved market regulations and reduced reliance on land-based financing by local governments. Although prices remained elevated in economically active areas, the gap between cities and counties began to shrink, encouraging growth in county-level industrial zones.

In the UK, industrial land values dropped sharply in early 2023 due to increased interest rates and inflation, which raised borrowing costs and slowed market activity. Investor caution and weaker economic outlooks contributed to falling transaction volumes and reduced investment in the sector. Meanwhile, in Vietnam, demand for industrial land remained strong, largely supported by foreign investment, high occupancy rates, and government-led infrastructure development. This kept rental prices on an upward trend, particularly in key industrial hubs.

Across markets, the common theme was a supply-demand mismatch tight supply in high-demand regions kept pressure on prices, while slower economic growth in others led to price corrections. The interplay between monetary policy, infrastructure development, and strategic industrial planning shaped the varied outcomes across countries.

Analyst Insight

According to Procurement Resource, Industrial Land prices are expected to stabilize in most regions, with moderate growth in emerging markets and cautious optimism in mature economies as borrowing costs gradually ease.
 

Industrial Land Trend for the Second Half of 2022

Industrial land prices showcased an uprising trend in the last two quarters of 2022 even in the midst of increasing interest and inflation rates. The shadows of inflation led to a global economic slowdown and a shortage in the labour market. The rise in construction costs such as steel, concrete, and other building materials has also contributed to the fluctuating price trend of industrial land. The developers thus, looked for direct collaborations with the material suppliers and labour community to decrease the construction time and in turn the price of industrial land.

In addition to this, the duration of construction, location of land, and consistent backlogs in construction due to low availability of labour further adversely affected the price trend of industrial land despite the high demand from the consumers. Thus, the price trend of industrial land remained uncertain due to uneven and unclear market conditions.

Analyst Insight

According to Procurement Resource, the price of industrial land is estimated to remain high globally given the mismatch in the market’s supply-demand dynamics.
 

Industrial Land Trend for the First Half of 2022

All economies are very fragile in the aftermath of the covid-19 pandemic, and with the Russia-Ukraine war causing unprecedented price rises in the energy bills, the countries are now reeling under pressure to save their economies from the possibility of a global recession. In India, the cost of construction increased by 10-12%, and the Whole Price index for raw materials entered double digits, which prompted the developers to raise the prices.

The Indian domestic market witnessed a 26% (weighted average) increase in the rates of industrial land necessitated by the increasing market prices and cost inflation. The industrial land prices went from 8100-21000 INR/sqmt to 9500-25000 INR/sqmt during the said period. Vietnam witnessed a 20-26% hike in industrial land prices during the year’s first half. Hence, the price trend for Industrial land tipped towards the higher side of the scale owing to inflationary pricing amid the continuing economic meltdown.

Procurement Resource provides latest prices of Industrial Land. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.