Industrial & warehousing demand grows 17% in January-June: Colliers

According to a latest report by Colliers’ India titled ‘Industrial and Warehousing Market’ report, Leasing activity in the industrial and warehousing sector grew by over 17 per cent in the first six months of 2024 from the year-ago period to 13 million square feet (msf). Chennai and Delhi-NCR micro-markets led the demand, with each accounting for over 3 million square feet of leasing in H1 2024, the report stated. About 7.5 msf of new supply was added in the April-June quarter, the highest in last two years, the report released on July 27 said. Vijay Ganesh, Managing Director, Industrial & Logistics Services, Colliers India, said in a statement that on a quarterly basis, the June quarter saw about 6 msf of industrial and warehousing demand across the top five cities, a 48 percent rise from the previous year.