Suzhou, China, which is adjacent to Shanghai, combines historic charm and a 21st century economy. Because the city sits on the shores of Taihu Lake and is crisscrossed by a host of canals, it is often referred to as the Venice of China. Suzhou’s many classical gardens and water towns are major tourist destinations.
Waterways play an important role in Suzhou’s logistics and distribution sector. The Port of Suzhou, which handles about 4.45 million TEUs annually, is the 33rd-largest in the world and one of China’s busiest cargo ports. Shanghai’s ports and airports are reachable in less than an hour by road and rail. Distribution and shipping companies make use of the Suzhou region’s warehouses and industrial properties.
Demand for logistics in the Suzhou area is driven by domestic consumption and the region’s large industrial complex. The Suzhou metropolitan area has a population of about 5.4 million. Home to many industrial parks and enterprise zones, Suzhou is a leading center of industrial production, with strength in electronics, IT, iron and steel.
Prologis operates industrial warehouse properties in the Suzhou area.