The News National :
Kolkata, Delhi NCR, and Bengaluru have emerged as the favourite micro-markets for industrial and logistics sector leasing, as these cities accounted for almost 60% of the 23.1 million square feet (msf) leased during the year.
According to data from real estate services firm CBRE, industrial and logistics sector leasing reached a peak of 39.5 msf in CY 2024 across the top eight cities, supported by a supply of 38.6 msf.
Mumbai, Chennai, and Bengaluru were the key contributors to the supply, accounting for over half the total.
The industrial and logistics leasing in Kolkata witnessed a record 78% jump in the first half of 2024, while nationally it has witnessed a 15.7% decline.
The engineering, manufacturing, and retail sectors also played significant roles in this surge.
Kolkata, Delhi NCR, and Bengaluru are anticipated to lead the absorption activity in CY2025, as well as in-city warehousing and quick commerce will become even more significant in 2025.
