• 9871311009
  • piyoosh@colossalindia.com
  • Mon – Fri: 8:00am – 7:00pm
  • 11/09/2023
  • admin
  • 0 Comments
  • Uncategorized

Warehousing supply in India’s major cities is expected to reach 516 million square feet by 2026.

Spread the love

According to the Logistics and Industrial State of the Nation study, cumulative Grade A and B supply in India’s Warehousing and Industrial sector will reach 516 million square feet by 2026. According to the research, India’s total leasing stock reached 344 million sq ft in H12023, with an addition of 15 million sq ft of new stock, with Delhi NCR, Mumbai, and Bengaluru being the major contributors.

H1 2023 saw 15 million sq ft of net absorption or new leases across the top eight cities. However, India’s gross absorption, which includes renewals and churnings, fell significantly to 20 million square feet from 23 million square feet in H1 2022. Notably, Mumbai, Pune, and Delhi NCR emerged as the top three demand destinations in H1 2023.

Third-party logistics companies dominated the leasing environment, accounting for 43% of demand across the top eight markets. This represents a significant increase from the 35% observed in H1 2022. In contrast, the FMCG and retail segments’ lease share fell from 23% in the same period last year to 15% in H12023. The Auto & Engineering categories accounted for 23% of the market, indicating significant momentum for light manufacturing leasing.

During the first half of 2023, there was a 6.5% year-on-year increase in industrial sector leasing, resulting in an India-wide average of INR 23 per sq ft per month for Grade A facilities. Pune, Chennai, and Bengaluru led the way in terms of average rental increase for Grade A leasing stocks.

Prev PostTop Trends Driving Business Operations in 2023: Revolutionising Logistics in India
Next PostThe Indian road logistics sector is poised for a robust performance in the FY-2024 : ICRA

Leave a Comment Cancel Comment

Your email address will not be published. Required fields are marked *

We Are Here To Help You !

9871311009 | 7678317225 | 011-27354615 | 011-49428317

ABOUT COLOSSAL

We provide our freight forwarding services to a large base of clients. Unique, reliable and impressive, we offer our services at cost effective rates. Working 24 x 7, we provide complete documentation about the different kinds of custom clearance. Our extensive network of agents assist us in providing safe, efficient and timely delivery of your consignments. Capable of handling bulk orders, we also assure you of delicate handling of the sensitive shipments.

Quick Links

  • HOME
  • ABOUT US
  • SERVICES
  • BLOG
  • QUALITY
  • CONTACT US

SERVICES

AIR FREIGHT FORWARDING
SEA FREIGHT FORWARDING
CUSTOMS CLEARANCE
TRIANGLE SHIPMENT
Consolidation Service
DOOR-TO-DOOR DELIVERY SERVICES
PROJECT SHIPMENTS
WAREHOUSING FACILITIES

CONTACT INFO

9871311009 | 7678317225

011-27354615 | 011-49428317

piyoosh@colossalindia.com

9 : 00 AM TO 6 : 00 PM

Office No. 410, 4th Floor, best Sky Tower, Netaji Subhash Place, Pitampura Delhi-110034 India

©2021. Colossal Logistic India. All Rights Reserved.

POWERED BY MAABS DESIGN