 |
| Jake Nebov/Unsplash |
The sun may be shining brightly on India’s industrial and warehousing space at last. Reports confirm the following:
🔼 Grade-A industrial and warehousing facilities aced Q1, 2022, touching 6.2 million sq. ft. of leasing across the top-5 cities. YoY growth stood at 11%.
🔼 Third-party logistics players accounted for 50% of absorption, followed by engineering and automobiles at 17% and 12% respectively.
🔼 Delhi-NCR had 28% of leasing activity while overall vacancies came down to 9.8%.
🔼 Big-ticket deals accounted for 91% of overall leasing, again led by third-party logistics entities.
🔼 The Luhari area saw the highest activity, while Pune contributed 26% to leasing volumes.
🔼 Deals above 100,000 sq. ft. accounted for 80% of leasing volumes.
🔼 Average deal size went up to 1.1 lakh sq. ft.
Good tidings all around
Developers are now planning to stick to built-to-suit templates. E-commerce and logistics companies are taking up bigger spaces in Tier-1 cities. Both trends augur well for the sector in the near future.