Industrial, warehousing space leasing hits record 59.1 mn sq ft in top 24 cities in Jan-Sep: Savills

Industrial and warehousing space leasing in India's top 24 cities reached a record 59.1 million square feet from January to September. This surge is driven by growing demand from sectors like light manufacturing, e-commerce, and third-party logistics. The trend is significant for markets as it indicates a shift in consumption patterns and the optimization of supply chains, which could lead to increased economic activity and growth in the country.

Why it matters

Industrial and warehousing space leasing has hit a record high, driven by demand from sectors like light manufacturing. This surge in leasing activity could lead to increased investment and development in the Indian real estate sector.

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