Addition, absorption of warehousing space rises steeply on quarterly basis
About 3.45 million square feet of warehousing stock was added in tier-1 cities in Q3CY2020
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Around 3.81 mn sq ft was absorbed in tier 1 cities in Q3CY2020, indicating an increase of 93 per cent compared to the previous quarter
The addition and absorption of warehousing spaces has grown on a quarterly basis. About 3.45 million square feet of warehousing stock was added in tier-1 cities in Q3CY2020, indicating a growth of 88 per cent compared to the previous quarter and down 34 per cent compared to Q3CY2019.
Topics : Warehousing Warehousing sector