WAREHOUSES in major logistics areas in Shanghai are full as demand for storage outpaces supply, Logistics Week reports.

A report from global real estate consultants DTZ said warehouses in major logistics areas including Pudong Jinqiao, Pudong Airport, Nanhui Lingang, Puxi Taopu, Jiading and Baoshan had been approaching saturation in the third quarter and daily rent in Waigaoqiao Bonded Zone has increased to CNY1.2 (US$ 0.16) a square metre.

Quality storage facilities have are in short supply as a result of logistics business expansion and surging property prices, boosted by the continuous growth of economy, the report of DTZ said.

Investment in logistics facilities in Shanghai has been heating up and demand is expected to grow, the report said.