Schwartz: Asia still a robust market

06/19/2013 | REIT.com

Asia is still a highly active market, says Jeff Schwartz, chairman of Global Logistic Properties. He points to China as an example. "It has one-fourteenth the amount of distribution space per capita that the U.S. has today, a massive shortage. Out of that one-fourteenth, we estimate that more than 80 percent of the space that exists today is completely and totally functionally obsolete."

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