Industrial Land Price Trend and Forecast

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 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 Price 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 trends 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.

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About

The Land cost refers to all the expenses associated with the acquisition of the land, with or without property/buildings, by the company along with the cost needed to ready it for intended purpose. Companies may acquire land for several reasons, such as, for speculative purposes or as a part of its inventory. During the acquisition of a land, certain costs are ordinary and necessary and those must be assigned to Land.

So Land purchase cost includes real estate commissions, legal fees, bank fees, title search fees, and array of similar expenses. This cost also includes site preparation expenditures such as grading and draining, or the amount required to rebuild an old structure. All these costs are necessary to get the land ready for its actual or intended use. Additional land improvement cost may also incur, which include the expenditures on areas like parking lots, landscaping, irrigation systems, lighting, drainage systems, utility lines and similar things.

Product Details

Report Features Details
Product Name Industrial Land
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer 
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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