
Summary:
In 2024, India’s industrial and warehousing sector recorded 25.6 million square feet of leasing activity, marking a 2% YoY gain. Despite a dip in Q4 FY25 transactions, strong absorption earlier helped maintain stability. Delhi NCR led demand with a 26% share, followed by Chennai with 23%. Q4 saw 5.5 million square feet of demand, with Pune and Bengaluru contributing over half. 3PL players dominated with a 33% share.
New industrial and warehousing supply in 2024 grew by 22% YoY, reaching over 28 million square feet, with Delhi NCR contributing nearly 10 million square feet. This increase reflects developers' confidence. Rental prices grew by 5-10%, and vacancy rates remained stable at 13-14%. Large deals of 2,00,000+ square feet made up 40% of demand, with 3PL and engineering sectors dominating. Delhi NCR led in significant transactions, cementing its dominant position.
Source: IBEF
Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.