Leasing Of Premium Warehousing Spaces To Surpass 45 Million Sq Ft In 2024

 

Introduction

India's Warehousing Market Booms

The Indian warehousing market is experiencing a surge in demand, driven by the growing strength of the country's logistics and industrial sectors. According to a joint report by CREDAI and CRE Matrix, leasing of premium warehousing spaces is set to reach a new high of 45 million square feet in 2024.


Key Highlights from the Report

  • Record-Breaking Demand: The first half of 2024 alone witnessed leasing transactions for 20.3 million square feet of premium warehousing space, surpassing the previous record. The second half is expected to see even more robust demand, exceeding 25 million square feet.
  • Supply Shortage and Low Vacancy Rates: The demand for warehousing space has far outpaced new supply, resulting in the lowest ever vacancy rate of 8.2 per cent. This indicates a strong market with limited availability of premium warehousing facilities...........Read More

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