Warehousing biz grows 45% in first 9 months of 2022 amid headwinds: Experts

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

Despite rising raw material costs and global inflationary pressures, demand from consumers has led to a rapid V-shaped recovery with double-digit growth in the warehousing sector. The demand, in fact, is expected to breach previous all-time highs by the end of the year, say experts.

Pre- and post-pandemic demand

The first three quarters of this calendar year saw an all-time high net absorption of 28 million sq ft of warehousing space. In comparison, net absorption declined by 12 million sq ft during the pandemic year from pre-pandemic levels.

“A yearly growth of 48 per cent was seen in 2019 with