Business Standard

Industrial & warehousing leasing up 9% YoY on strong demand: Colliers study

Delhi-NCR and Pune together accounted for about 70 per cent of the leasing and 60 per cent of total supply


Photo: Bloomberg

Pratigya Yadav New Delhi
Industrial & warehousing demand grew 9 per cent year on year in the first nine months of Calendar 2022 and total gross absorption stood at 17.5 million square ft (mn sq ft) across the top five cities in India. However, in the third quarter, gross absorption was highest in the last eight quarters, at 6.7 million sq feet, led by third-party logistics operators. Demand remained resilient during the third quarter and stood at 6.7 million sq ft, the highest since the first quarter (Q1) of 2021, a Colliers report said.

Third-party logistics players (3PLs) remained the top occupiers of warehousing

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 24 2022 | 7:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to