Industrial warehousing leasing hits record 59.1 mn sq ft
In short
India’s industrial and warehousing leasing hit a record 59.1 million square feet from January to September across the top 24 cities. Tier-I cities made up 47.2 million square feet, and fresh supply rose to 68.9 million square feet.
Demand came from light manufacturing, e-commerce and third-party logistics. The report does not say which cities were strongest or how long the boom may last.
What the reporting says
Industrial and warehousing space leasing hit a record 59.1 million sq ft in the top 24 cities in India from January to September, according to Savills’ market summary. Tier-I cities accounted for 47.2 million sq ft, and fresh supply rose to 68.9 million sq ft. Demand was driven by light manufacturing, e-commerce and third-party logistics, but the reporting does not specify which cities led or whether the pace can continue.
Why it matters
Savills’ market summary says industrial and warehousing leasing reached a record 59.1 million sq ft in the top 24 Indian cities from January to September. Tier-I cities contributed 47.2 million sq ft, while fresh supply climbed to 68.9 million sq ft. The demand drivers named were light manufacturing, e-commerce and third-party logistics, suggesting a strong logistics cycle, but city-level winners are not stated.